Parashooter is an expert on loading and terminology. Was unaware of the different ways the term could be used.

My introduction to "reduced loads" was my father using 20 grains of Unique in an 30-06 case with a 110 or 100 grain plinker. He told me about trying it first with a 110 hollow point but that made a pencil size hole in the deer and they ran off. Hollow point 110s usually do not expand worth beans below 3000 feet per second.
Same powder charge with the 100 grain plinker yielded expansion and fast kills on these small South Texas does. For a Krag the charge would need to be reduced further, but will be a pleasant shooter kinda like shooting a rimfire. The round will probably not feed and have to be loaded as a single shot.
With a 110 round nose or 100 grain plinker the velocity in an 06 will be around 2000 feet per second. Probably close to 1800 FPS with a similar appropriate Krag load.