Hi CZDiesel,
I have no experience with the 416 Rigby but have had a bit with the .458 Win Mag, having owned 5 and reloaded for all of them...
From what l have read, and from what l have been lead to believe, the problem with the .458 not penetrating sufficiently is when the expected velocity wasn't achieved.
When the desired 2150fps with a 500gn bullet was achieved l have never heard of anyone complaining of it's performance on dangerous game.
In fact, isn't 2150fps with a 500gn bullet the benchmark for DG?
When reloading for the .458 l have never had a problem reaching 2150fps with a 480-500gn projectile.
The highest l have reached with a 500gn projectile is 2220fps and this was from the 24" barrel of my Winchester M70.
I had a custom CZ550 in .458WM with a 21" barrel and l was still able to reach 2150fps with a 500gn Woodleigh. I did this by loading to suit the long magazine of the CZ and using a Lee FCD to crimp the bullet.
I also managed 2100fps with the 550gn Woodleigh and 2300fps with the 450gn Woodleigh Hydro in the .458 Win Mag.
I just can't imagine either of these loads lacking penetration and with modern bullets like the CEB that weigh less - but penetrate more, I could only imagine the .458 Win Mag being more effective than ever...
So l don't know if any of this helps at all but l guess what l'm trying to say is that it's not hard to reach 2150fps with a 500gn bullet out of the .458 Win Mag.
I've done it in all of my .458's I've owned and I'm a nurse - not a PH, so if l can do it anyone can...
And like l said earlier, l've never read of any complaints of the performance of a 500gn bullet at 2150fps on DG...
Russ