Rook............I figured about 1600fps for your load. Maybe a little more. I didn't note whether you had the 3" or 3.25" case, and it makes a little difference. Also barrel length of course.
Here's why: I have never shot the 500 Express, but have burned pounds of powder in the big 50 Sharps. Bullet about the same (473 grain cast, but a little lighter with added hardening agent, hence 455 grains) diameter .510, to .512. This is a 2.5 inch long case. Best powders for me to duplicate BP loads 4198, 4759 and Re-7. I cannot get 1900 fps or even close. Even with 53 grains. about 1700 fps. Your case is larger, same amt powder, lower overall time-pressure curve, my estimate 1600's.
Old Frank Barnes in his classic book "Cartridges of the World" said 41 grains of 4198 would give 1560 fps. (I could not duplicate this, however). So 53 grains is 29% more powder, 29% more energy, so this corresponds to a velocity of 1770fps if you got 100% efficiency on this added powder. I have never seen 100% on anything, so maybe 1650.
Your rifle is regulated. So more likely to be reproducing original load. Original loads listed 1925 fps but this was with their 340 grain bullet, sounded better for ads.
Hope you prove me wrong by getting 1900 fps, thus over 3500 ft lbs energy, which would equal the original advertised power of the .577 BPE with its 648 grain bullet and 167 grains of Fg. But it seems unlikely to me............................Anyway, your rifle will have a lot of power and be fun to shoot..........more funner, according to my granddaughter............FWB