From What I've observed from shooting approximately 10 different muzzle loading rifles over about 45 years...,
1:48 twist is rather common. It's a complete myth that it was/is a "compromise" twist. Prior to conical bullets coming on the scene, 1:48 twist was popular. In fact you will find that it may be hard to find any modern factory muzzle loading barrels under .45 caliber that are not 1:48... even though factory conical bullets are not made for all of the calibers under .45. 1:48 twist was found to work for both conicals and patched, round ball in the larger calibers, and marketing in the 1970's is to blame for the reoccurring claim that the manufacturers chose it as it shot both projectiles well....
Conical bullets were designed to give the rifleman a fast reload, in combat. The original Minnie bullets from the ACW era were not favored by hunters of big game, especially dangerous big game. The patched round ball was favored for hunting. Most common hunting distances from the ML era to now for the folks using traditional muzzle loaders has not changed. The vast majority of shots are under 100 yards.
Never choose a conical bullet because you think you will need a super fast reload and a follow-up shot (imho)
The slower twist rate barrels have lost some of their previous advantage with the patched round ball and large loads as the machine rifling used in the barrels is done in such a way to negate the advantage. There was a time when it was possible to cause the ball and patch to skip-across the grooves in the rifling with a large powder load. Today you need a very large powder load to get this to happen. Folks shooting large caliber 1:48 twist rate barrels report using 90 grains of powder without ill effect with patched round ball.
In addition to the lower recoil of a patched round ball, the slower twist rate barrel does impart less torque against the shooter when using large powder loads. Thus the perceived recoil is further reduced.
Conicals give you more mass on impact, but for most deer in the United States, this is a moot point. One can, if one absolutely needs it, get deeper penetration by using a hard lead alloy, and a different thickness patch, on the round ball.
Conicals are a bit simpler, and as some have written, some rifle simply love them better than the patched round ball. You will need to figure it out for your rifle. I have a caplock rifle that for some reason like a specific style of conical, and none other. It shoots round ball pretty well too but the conical is king for that rifle.
Finally you have some of the odd examples.... for example the slower twist rates, 1:60, 1:66, 1:72 and slower normally do not stabilize conical bullets well. However, the Pedersoli 3-Band Enfield rifle is a 1:78 twist, and is known to shoot minie ball very well. Another example is the Baker rifle, which is a British combat rifle, not a hunting rifle. The British chose a 1:120 twist rate because they determined the minimum twist needed to stabilize a .600 ball was 1/4 turn for the length of the 30" barrel...hence 1:120. The slower twist rate was chosen as it increased the number of rounds that could be fired before the bore needed to be swabbed, a great advantage in combat.
LD