As Paul says, the Greenhill formula was established for elongated bullets which need to spin at a minimum speed to maintain stability.
To understand this, think of a top. They are quite stable if they are spinning fast enough but at lower speeds they wobble badly.
Thinking of the same top, if it is short it can be stable at very low rotational speeds. If it is tall it must be turned much faster to maintain this same stability.
If an elongated bullet looses its stability in flight, or, if it never had it from the time it leaves the muzzle (due to low velocity or slow rates of twist) not only will it wobble but as it does it will change its trajectory because of the forces of the wind that is hitting it.
A bullet that is not stable can even start to rotate end over end. This leaves elongated holes in the target which shooters call "keyholing".
To enter the realm of "Armchair Theorists" (that roundball hates so passionately) let's consider the roundball.
A roundball is inherently stable and even if it "keyholed" who would be the wiser? It has no long axis to rotate about, only a "center of gravity".
If this is true, then why would a tightly patched roundball shot from a good smooth bore which imparts no rotation to it, start to deflect from its intended path while in flight?
Let's consider this roundball shot from a smooth bore a little more.
My answer to this uncontrolled deflection is "surface abnormalities" and wind working together, or, an off center "center of gravity" caused by some internal void in the casting. (Remember, we are talking about shooting it from a smooth bore.)
While in flight, the balls (or bullets) "center of gravity" will follow a straight line (side to side) towards the target and, as we all know, some sort of force must act on the ball/bullet to deflect it from this straight line.
If the "center of gravity" is offset from the balls center the wind pushing against it will start the ball rotating in an uncontrolled and unpredictable direction due to a higher pressure existing on the "large side" of the sphere (measured from the center of gravity).
Now, with the ball rotating in this uncontrolled direction the surface abnormalities of the ball and wind start to control the direction of the ball.
Surface abnormalities can consist of one area of the ball that is not perfectly round, or is rougher than an adjacent area. As the often "supersonic" blast of air hits these rough or mis-shaped areas it creates different pressures across the surface and these differences will deflect the ball from the straight line of sight we wished the ball to fly along.
The longer the ball is in flight, the longer these pressure forces will have to act on the balls direction which explains why a well patched roundball shot from a smooth bore will have little or no problem hitting the target at 15 or 25 yards but at 75 or 100 yards it may be very inaccurate.
Now, if the patched ball was shot out of a rifle and it is spinning in a controlled direction along an axis that is parallel with the desired line of flight and its center of gravity is offset, the center of the geometrical sphere will be spinning around the center of gravity.
Any differences in pressure that are being exerted against the sphere from its true center of gravity will constantly be changing about the axis of rotation so the ball will not be directed in some unforeseen direction off of the line of sight.
Also, by presenting the rapidly rotating surface to the high velocity air that is hitting it, any force created by a surface abnormality and the wind will constantly be directed into a different direction about the balls axis of spin, thus the force cannot act in any particular direction away from the line of sight.
With all of this in mind one can see that the rotational velocity of a patched roundball does not need to "stabilize" the ball at all.
It needs only to be fast enough to keep redirecting the forces produced by the wind in a controlled manor around the balls spinning axis.
That said, a patched roundball can fly straight with a comparatively slow rotation such as is produced by a 1:48, 1:60 or 1:70 twist gunbarrel.
(To the highly knowledgeable folks in the audience, yes, I'm aware of the deflections that are created by the spinning bullet/ball but at muzzleloading ranges I think they have very little effect.
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OK, OK! I'll get out of my armchair now. :grin: