The Starline 56-50 case looks like an excellent fit
; It will probably shoot well. It may or may not extract well. My original (56-56) will only partially extract the modern 56-50 case, which yours looks like it will do as well or better. The extraction problem comes as the case slides inside the frame while being extracted - there may be enough space for the starline case to budge to the side, and allow the knife extractor to slip past (or worse - jam) the case. Certainly not a safety issue, but it is a royal annoyance.
Try practicing the extraction - if you can throw a bunch of cases clear, then you're in great shape. If not, move to the 50-70 brass from Buffalo Arms or some other worthwile manufacturer. When I first tried out Starline brass, I left the primers out, and put bullets in them, and cycled lots and lots through the gun. Starlines (in my old girl) almost always got left in the breach - coming loose, and then falling back as the extractor blade passed it by. 50-70 cases don't, and the difference in the rim diameter is really small. I found it to be fun, and good practice anyway, as Spencers don't cycle well if you baby them, which most guests do when they first pick up the old girl.
Have fun! Spencers are the greatest. I hope you get to shoot her, and hope to hear about it. Thanks for sharing the great pics.
On a seperate note... How does this barrel-lining work today? Are there decent gunsmiths out there who will re-line a bore? Is this cost-prohibitive? Why would you do this? My 1860R Spencer is pretty good, but I have a shot-out M-1842 that could use it.