In older guns you would mostly be better off with FC or MOD, but it depends on the gun
and the effectiveness of the shot column wad. The locked wad concept like employed by Winchester's Long Beard shell does work.
This is why knowing patterns with different lead, bismuth and tss in different guns is critical.
That said, I have used HeviShot 3 in #4 shot in both a 3 in LC Smith and a Winchester Heavy Duck Model 12 3 in.
The Smith had a slightly tighter pattern, but the bismuth H-S 4s both did in 2 (two) gobblers with different shotguns at about 38-42 yards distance.