I have been diligently researching this question since before I posted it here. The best answer that I have discovered comes from B And B Armory. They sell reloaded API on Gunbroker. The API listed on the auction now is loaded as follows with 220.Grs. of H5010. I asked them for a recommendation for loading the API bullets with Hodgdon H50BMG and here is the answer I received:
"We use H5010, H50BMG, IMR5010 and WC860. I would start at 215 grains and work your way up in 2 grain increments. Do not exceed 230 grains."
This sounds like a solid starting point. Now I reckon I might wanna get a Chrono, however I think I'll just load these rounds in increments of 5 to 10, and judge the value of the load by the consistency of the rounds performance downrange. Since these are API pulldown projectiles I'm not trying to achieve sub-MOA accuracy; and since the weight of these projectiles varies quite a bit, what I perpose to do is to fire an American Eagle round, then an API reload and so on to see how the API's perform in relation to the factory loads.
How does this course of action sound to you guys??