Alex,
You are correct about not shooting commercial ammo in a cut .45 Webley. In addition to the load being too hot, the Webley requires a lead bullet because of the forcing cones built into the chambers in the cylinder. A blown apart cylinder is a real possibility. At a minimum, firing commercial .45 ACP will quickly work the action loose due to the weak break-open locking system. With handloads, the Webley is a fun and accurate shooter.
As for prices, note that most Webley large frame military revolvers are cut. In my opinion, you should be able to find a good one in the $600. - $700. range.
KFS
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