Beutiful work, though I'd stick to steel for the loading gate and other accents, as I think most orginals were. Though I do like the brass loading leaver filler block. Next question is how do they shoot?!:) I've been thinking of converting a Dragoon, it sure would be unusual, and the 45 colt would be a real pleasure to shoot in that heavy of a gun. Also one thing to think of is black powder fouling, it'll stain brass a nice patina a lot faster than blued or cased hardened steel. And I wouldn't shoot anything but black powder in a conversion where I used the orginal cylinder. If I made a new cylinder from arsenal grade steel that might be a differant story.
As for the original charge, I don't have a Dragoon at present, but do have a pair of walkers and they are very mild recoiling, even with full 60 grain charges. I believe the Dragoon was reduced to a max of 50 grains with round ball, and 40 with conicle bullet. About equal to the 45 colt military loading.
Don't know about the counter bore, but from what I've seen of original conversions on 51's and 60 armyies the original ratchet teeth were completely removed and the thickest part was remachined into ratchet teeth and then the single straight hand was replaced with a longer "F" hand to engage the new ratchet teeth. Although R&D and Kirst use the same methoud as you and it works.