Lil'gun is the best thing to happen to the Hornet.
However, it isn't perfect. It's best with bullets 40gr and heavier.
For the 35gr, I still prefer H110. I use 11.7gr for around 3,150fps from my Ruger 77/22 KBZ (heavy bbl, stainless steel).
My best and most favorite load is the Sierra 40gr Varminter at 1.780"oal over 12.5gr of Hod.Lil'Gun for 3,000fps. It does any and everything I want a Hornet to do. For some reason, my gun just dosen't like the 40gr Nosler BT.
All my loads are either in W-W brass, or Sellier&Bellot brass. Before I started reaming primer pockets and neck turning the brass to uniform the necks, the S&B brass was superior, but with the "processed" WW, I'm getting equal performance.
I also use W/W small pistol primers................
Just remember that .22Hornets are very "picky" about what they shoot, and almost every rifle is a "rule unto itself".
Many report good results with AA1680 (but lower velocities), H and IMR4227 and #2400, but I've never gotten that good of results except with the AA1680 and 50gr bullets........ but even then the velocities were rather low.
I've owned over a half dozen "Hornets" and each one was unique. Wide variations exist in chambers, throats, and bore diameters to make reloading for more than one a nightmare.............
ie: I had a Ruger 77/22 blue carbine w/20" bbl. It had a "HUGE" chamber. Loads that were nominal and "semi-accurate" (best gun would do was ~1.5" three shot groups at 100yds, with a cast bullet at .225") wouldn't even chamber in my new gun. The most accurate jacketed bullet load was the 35gr Hornady V-max over 12.0gr of H110. That load will crater primers and "stick" the bolt on my newer one.
I've found that with HodLil'gun, you can go over the recommended max's, but accuracy seem's to fall off, as well as velocities above a certain point. With the .357mag its 17.8gr with a 158gr bullet, and with the Hornet and 40gr bullets, it's 12.5gr for me........ at 13gr+, velocities and accuracy fall off.......
Perhaps it's just my gun and the two lot #'s I've tried.... But, 2lbs will load a LOT of Hornet ammo...........