Hi Scooter,
They do say that it is truly Melonite used on the Performance Center Stealth Hunter and in my experience it has been extremely durable with the exception of the marking. Indeed, there is only the slightest indication of a turn ring after thousands of rounds fired. I've even heard that you can take a file to it and it will still be there because it actually case hardens and penetrates the surface of the stainless. Of course, I would never do this. It's a tough enough finish that the slightly abrasive lead away cloth, which is not recommended for blued finishes because it will wear it off, has absolutely no effect on the Melonite no matter how long and hard I rub. It does make it a little more shiny though.
I do use jacketed hollow points with the Hornady XTP. Only the front has some exposed lead, but it's in the cavity of the hollow point. I do however run the maximum recommended charge in the speer manual at 21 grains of 2400 so it's a pretty hot round. I'm sure that's not helping with the marking, but I love the big boom!
Thanks for the suggestion of the Pro M7. I have some and I'll try soaking the cylinder with that. By the way, as far as total metal jackets for the .44 Magnum, the only bullets that I've ever found that were fully copper enclosed were the plated offerings, and you can't push those very fast at all because the plating is too thin. Everything else that I've seen has been either plain or hard cast lead, jacketed hollow point, or jacketed flat point.