FWIW, the .480 Ruger IS a high-performance load - It just hasn't had the spin doctors working on it as much as the .454 Casull & the .475 Linebaugh have.
The .480 is a well-balanced cartridge, providing a lot of energy without the recoil of larger hard-kicking rounds.
In a light rifle like the Rossi - much more WILL be felt !
However, if your Model 92 will feed the somewhat longer .475 Linebaugh ammo from the magazine, the chamber could have a .475 chamber reamer run in .21" deeper, to clean it up to .475 specs, w/o any other work.
The rifle would then be able to shoot .475 magnum loads ( 50,000psi), with the option of also chambering/shooting the .480's (48,000psi) as a ".475 Special" load (like: .38 Special in a .357).
Since your Rossi is also currently chambered for the .454 Casull, which runs at a much higher operating pressure, you could be good to go.
Failing that, the .480 can be handloaded to within 150fps of the Linebaugh - the operable word being "handloaded".
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