So your ancestral rifle was more than likely a 1:48 twist. 1:48 is often touted as a "compromise" twist rate in that it is known to shoot round ball and conical well, but that's just modern marketing. 1:48 was a popular, widely used twist rate before conical bullets were popular and widely used. When conical bullets appeared it was found they also shot well from such barrels.
The only reason for the conical bullet, was speed of reloading for combat. It was developed for military rifles, not hunting and in fact the first conicals were not liked by many large game hunters, especially those going after dangerous game.
Often you will find .54 barrels in slower twist rates than 1:48 because some folks are using hefty powder loads with their round balls, and at a certain point of bullet weight and twist rate, the torque felt by the shooter's face where it meets the stock tends to give the shooter a more perceived "recoil" than the slower twists. Old Style rifling was a bit different, the grooves were much thinner than today, and in those cases the slower twist rate with a heavy charge kept the patched ball from "skipping" over the grooves and failing to properly stabilize, ..., but modern rifling used in repro barrels these days has pretty much eliminated that.
So a 224 grain .530 round ball is plenty IF you end up going with a slower twist than 1:48
LD