My reduced load is 19.0 grs SR4759 under a 147 gr ball bullet. It's extremely accurate in about the 10 or so 03's I've tried it in. I've also used the Remington 150 Core Lok on top of the same load and hunted with it but range is short- I limit it to about 150 yds. Recoil is almost nothing- less than a 222. I teach the local Boy Scouts reloading and this is the load I have them use. It's a hoot to shoot and they love it. As far as 5744, it has to be one of the dirtiest powders I've ever used. Loads of unburned powder regardless of charge or cartridge.
From a DuPont handout loading manual the following:
110 gr bullet- 35.0 grs SR4759= 2820'ps
150 gr bullet- 31.0 grs SR4759= 2365'ps
180 gr Bullet- 29.5 grs SR4759= 2135'ps
The above are all max loads with pressure at 50,000 CUP. You'll need a drop tube to get that much of it in a case. The 19.0 grs is about an 80% loading density. If your 03 is sighted with ball ammo, you'll need to raise the rear sight to the 300 yds setting to be on at 100 yds with the reduced load.
I think the switch to the 5744 powder is mostly because of cost. SR4759 is not cheap. A half pound can costs as much as a one pound of anything else. I have found that some gunshops that have carried it and have older stock will deal pretty hard to unload it. The last I bought about 3 months ago I paid $7.00 a can for it. The deal before that I paid $1.50 a can so chat with the guys at the counter and see if they are wanting to deal on it. Most are moving it out of inventory and are not going to stock it anymore. Shame, it's one of the best powders out there if you're looking for good accuracy, low recoil, clean burning, and respectable but not max velocity.