This document gives the acceptable Chamber Pressure of a number of US Military 7.62X51 cartridges, some are listed in both CUP and EVPAT PSI measurements.
http://www.everyspec.com/MIL-SPECS/M...T3).008538.PDF
Many of these are listed as generating 48,000 CUP and 51,000 PSI, only the M118 Long Range Special Ball is listed at 52,000 CUP.
51,000 PSI is only 3,000 PSI above the maximum SAAMI pressures for the .303, so its likely catridges loaded to pressures no higher than 51,000 PSI would be safe enough for the L42 rifles that passed proof were marked on the Bolthead with the 19 Ton markings. If the .303 rifles bear an 18.5 Proof Mark then the one half ton marking should translate to the rifle being safe with cartridges loaded to 48,000 CUP (about that of MkVIIIZ MG ammunition) or 51,000 PSI, which is far below the maximum pressures now allowed by the MOD for 7.62 NATO ammunition.
The L42 went out of service around the time that the much hotter M118 Special Ball came into use. Its highly unlikely that the L42 was ever authorized to use ammunition loaded to chamber pressures this high.
Also since the rest of the US Mil Spec ball ammunition suitable for regular combat use in battle rifles is listed at pressures of 48,000 CUP its likely that M118 Long Range Special Ball is not considered suitable for all NATO rifles, and it does not meet EVPAT standards.
Conclusion would be that the L42 is not suited to higher pressure 7.62X51 loadings and not suited to the highest pressure .308 Winchester ammunition.
The No.4 rifle was designed to handle WW2 era .303 ammunition with a decent margin of safety.
Chamber pressures a rifle was designed to handle safely are very important to handloading for the individual rifle.
A .308 load that is safe enough for a modern Long Range Sniper Rifle that is manufactured to SAAMI standards may not be safe for a converted WW2 era sniper rifle when chamber pressures as high as 62,000 PSI were not envisioned for the 7.62X51 NATO cartridge when that conversion was aproved. The rifle was never proofed for cartridges producing 62,000 PSI and if it were built today it would still not be required to be proofed for use with cartridges of that pressure range by MOD standards.
Pressures of 62,000 PSI would be excessive for the L42, its not proofed for this pressure level and never would be.