Howdy
For what it's worth, .454 bullets are for older guns. Originally, the groove diameter of 45 Colt was .454. After Colt reintroduced the Single Action Army in 1956 they changed the spec to .451. This was so it would be the same as the spec for 45 ACP, which had always been .451.
Ideally, you want a bullet about .001 over barrel groove diameter when shooting lead bullets, so .452 is a perfect bullet for modern 45 Colts. When determining bullet size, it is best to work backwards from barrel groove diameter. Bullets should be .001 over barrel groove diameter. Chamber throats should be no larger than perhaps .001 over bullet diameter, so the bullets will chamber, and so the bullet does not upset while traveling through the throat. Too large a chamber throat also allows the expanding gasses from the powder to escape around the bullet, softening its sides. This can be a major cause of leading with lead bullets.
You can slug your bore if you want, but most manufacturers these days do a very good job of keeping 45 Colt barrels to .451.
You can use your .454 bullets if you like, as long as they are reasonably soft and you do not approach max pressure. But with a properly set up 45 Colt revolver, .452 is the ideal bullet size.