Contrary to common belief, softer alloys leave much less lead in the bore than the hardstuff.
There is a table around somewhere giving the usual hardness of miscelaneous lead. If I recall, wheel weights are about a hardness of 10, and they work very well at pistol/carbine speeds, at least for me. stick-ons are a bit softer, but seem to act about the same for pistol loads. Most sinkers are made of the cheapest available material, which I would suspect would be mainly wheel weights.
I don't have a hardness tester, but this is a time when it would come in handy!
To answer the question melt it up, pour it into the moulds and enjoy the experience. The only downsize that I can think of is that softer alloys sometimes have trouble filling out a mould, but heating up the pot a bit can counter that issue.
The big caution is to avoid battery lead, but I think you already know that as you did not mention it.