Best discussion I found on the Greenhill Formula was on the British Military Forum. Seems it matters if you are discussing lead bullets, the constant needing to be changed.
In addition to bullet weight, bullet length is an issue. Both short and long bullets can be accurate in a given twist, but not necessarily at all ranges.
But the bottom line remains - long heavy bullets generally require a faster twist.
I had an ERMA Gallagher carbine with a ridiculously fast twist .54 calibre barrel. It was supposedly intended for use with RB, but it shot Sharps 'ringtail' bullets rather well.
I had it relined to .50 and it shot Lyman 515141 bullets even better. IIRC, the rot was 1x26.