If you are going to use bullets made for the .30-30 I suggest you use them at standard 30-30 velocity. What you're proposing is a bit more and they might or might not be up to that velocity. If lower recoil is the desired goal why not look for some 125-130 grain bullets and load them up. A 125 Nosler BT pushed to around the standard velocity for a 150 grain .30-30 would do fine and be light on recoil.
I have had good luck with the 125 Nosler BT in both 30-30 and 308. Their minimum expansion velocity
is 1600 fps at the target. In 30-30 handi I could get 2400 fps muzzle V. with Reloder 7. I haven't shot any deer
with that load, tho did get good accuracy as well as velocity.
And-
Hornady Tech told me their 170 grain flat nose for 30-30 were designed to expand at 1100 fps
(the velocity of the bullet from a 30-30 at 300 yards). He also said not to exceed 2500 fps muzzle
velocity for bullet stability.
So, if I were shooting at closer ranges, I would use a ballistics calculator or chart and see what the velocity
requirements are for the farthest ranges I would be shooting and load down to there. This would also give you
your drop too.
Both bullets have shot well in my 30-06 and 308 bolt guns. In 30-06 the best powder was R19 and in 308
it was W760 both bullets.