Sort of.
The Gold Medal is an optimized target load thus the name.
The base wad is quite a bit different than Federal field loads and the case capacity is less than Federal field loads or Federal promo target loads such as 'Top Gun' or 'Estate'. Federal uses two piece wads especially designed for the hulls as target loads in those cases. You can bet the powder charge contains more energy regardless of powder RQ for those loads.
The internal capacity of the FGM is still larger than a tapered case and in spite of the base wad it still takes more powder to do the job.
