The .450 Bushmaster does exceed the performance envelope of .45ACP bullets by quite a margin. From what I hear people are saying you need to use bullets meant for the .460 S&W.
The .458 SOCOM matches up well with any jacketed bullets suitable for the .45/70. All lead .458 bullets will work as long as you use gas checks. Magazines can be an issue. All GI aluminum mags work great, but the only plastic magazine that works for me are the Lancers. I cut out a half moon on the forward lip of my SOCOM mags to clear 400 grain flat nose remmys. Your mag goes from being double stack to single. A 10 round mag holds 3 rounds, a 20 round mag holds 7, and the 30 round mag holds 10 or 11 rounds. My SOCOM kicks about like a gas operated 20 gauge auto shotgun.
I believe Aero Precision makes a stripped .458 SOCOM upper, if you don't relish milling out your own. I would also advise using Strike Industries enhanced port dust cover,
Shopping
You will require a larger diameter gas block (I recommend BTE's adjustable micro) for the .458 SOCOM's larger diameter barrel. The SOCOM uses a normal spring/buffer (rifle or carbine) and a MILSPEC BCG. I would suggest buying the bolt with the barrel so the headspace is assured, but this is probably not necessary with current specs known. I bought mine years ago before the specs were really known and I tried using different buffer weights before going back to the standards. Best to just use standard recoil spring/buffer/BCG and an adjustable gas block. Tuning it with an adjustable gas block for smooth operation is much, much better/easier than changing springs/buffers.
When I first started thinking about a SOCOM, the consensus was to NOT use an adjustable stock. I haven't kept up with those forums for quite some time, so I don't know what the consensus is currently. I have my SOCOM mounted on a Cavalry Arms one piece poly lower (now GWACS). I have 2 of these lowers and I love them. The other is on my .300 BLK upper set up for supers. These things are great. They are lighter than a MILSPEC lower assembly would be by at least half a pound and much stronger. They are also very easy to modify, as Bondo works on them like nothing else and is almost impossible to distinguish as long as you finish it the same as the surrounding area. My second one of these lowers was part of the CAV AID 2008 charity drive to save Cavalry Arms from BATFE. They were manufactured by volunteers and the QA was not the greatest. I thought my magazines fit a bit too loose in the well, so I used Bondo to tighten up the fit. I also filled the gap between the upper and lower, like you would tighten the body panels on a custom car. I can not tell where the Bondo was used, and I did this almost 10 years ago. You can use any spray paint that adheres to plastic to finish. I also drilled and epoxied in QD sling mounts on both lowers.
Here are my two builds on this lower. The black one is the Blackout and the camo one is the SOCOM.