I know this far into the thread someone (a jerk) like me will ask an obvious question. What are you planning on shooting? It really can make a difference in load recommendations. For plinking and making holes in paper, there really is no reason to push the limits on pressure or making your shoulder wish you'd brought along a .22. Even for punching holes through a deer or other small critter, really light loads work just fine. Even starting level loads for any powder are something to consider. Another all important question is how much do you plan on shooting. Some guys just haul out the heavy artillery for a few shots, then put it away. Others want an hour or two of blasting away, sometimes firing 50 or 100 shots. If this second idea, I'd drop loads way down and only use the lightest of bullets.
Even 1300 or so FPS and a 300 grain bullet wil shoot clear through most deer. If you go to 1400 and 405 bullets, it will break nearly every bone in its poor little body. And then hole the tree he was standing in front of.
In my ill spent youth we used to shoot at a Buick, a really old porthole version. It was 1000 yards away, and factory 405s would punch right on through unless you hit the motor (straight 8). Its a lot of power. Lucky for you, the 1886 in the rifle length isn't the feather weight version. You'll learn that if you decide to take it hunting and lug it for 10 or so miles.