Here's a bigbore handgun penetration test in wet newsprint that includes the 45-70....
http://www.findarticles.com/p/articles/mi_m0BTT/is_158_26/ai_86704793Cartridge..... Bullet.....Velocity.....Penetration
      .45-70        530 gr. hardcast lead   1,550 fps      55"
  .500 Linebaugh    495 gr. hardcast lead   1,270 fps      52"
.500 Nitro Express    570 gr. FMJ solid     2,000 fps      48"
  .458 Win. Mag.      500 gr. FMJ solid     2,260 fps      47"
  .475 Linebaugh     420 gr. LBT SWC lead   1,335 fps      47"
   .454 Casull       360 gr. honded core    1,500 fps      45"
     .45 Colt       350 gr. hardcast lead   1,400 fps      43"
  .500 Linebaugh        480 gr. Keith       1,200 fps      41"
  .475 Linebaugh     420 gr. LBT SWC lead   1,050 fps      40"
  .500 Linebaugh     435 gr. LBT SWC lead   1,270 fps      38"
     .45 Colt        300 gr. LBT SWC lead   1,180 fps      38"
     .45 Colt       310 gr. Keith SWC lead  1,250 fps      36"
  .500 Linebaugh     435 gr. LBT SWC lead   1,000 fps      34"
    .44 Magnum      250 gr. Keith SWC lead  1,200 fps      27"
    .480 Ruger           325 gr. XTP        1,350 fps      17"
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Here's what a 540gr hardcast will do to a 2000lb Bison..

"We followed fresh sign for a couple hours and finally spotted four large bulls bedded in the heavy timber. These Bison spend much of the time bedded on the edge of the timber and emerge to feed throughout the day. We positioned ourselves down-wind and got within 50 yards. We had to wait nearly 30 minutes for the animals to turn broadside before I could take a shot. I aimed for the lower left shoulder and, when I felt the offside was clear of any other animals; I sent one of your 540 grainers through his shoulder. The terminal performance of the 540 Hammerhead is unbelievable. The animal was quartering towards from me at about 45 degrees. The bullet shattered his shoulder, took out both lungs and exited. Upon further review, seven large pieces of his shoulder bone took out the top of his heart, while the bullet took out the rear portion of his lungs and two ribs on the way out. 
Seeing such a large animal get slammed to the ground is something to behold!" 
Jim Audette 
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And here's a previous post on the 525gr Beartooth Piledriver...
http://www.graybeardoutdoors.com/phpbb2/viewtopic.php?t=70050&highlight=4570+penetration