Forward velocity loss is related to the spin of a bullet... As the velocity decreases the distance the bullet travels is also decreased, therefore even if the bullet is spinning at the rate of twist in the barrel it takes a longer period of time for it to cover the same amount of distance therefore the "rpm" calculation isn't accurate unless it is observed as an instaneous measurement taken at the muzzle. This is especially true in calibers such as the 220 swift that shed velocity quickly. I think you have a great post here and I agree that the flight time of a bullet especially shot at a shallow trajectory is very, very short. If you were to chronograph a bullet at 1000 yards compared to the muzzle velocity this would illustrate the point I am trying to make here: that the bullet may still be rotating the same, ie: 1 in 12"-0, but that the decrease in velocity over the flight time makes it difficult to truly quantify the revolutions per minute.
Paddy McMahon, Difficult to quantify, definitely! However, Drag effects the forward velocity only. Velocity loss has no effect on the RPM of a bullet in flight (consider a childs TOP, and centripital force)). They are independent variables in free flight. While the RPM's imparted "may slow down" over the long distance, say 1000 yards. The RPM reduction through "rotational drag" (not related to the other drag) is minimal. Remember, that is a different force than the drag in flight. The bullet is effectively reaming a hole in the air that has first been disrupted by a bow wave. The proof is in the bullet hole in the target. I have shot targets at 1000 yards and have also been on "Butt detail", pulling targets for others. My finding is that all the holes were round. (with the exception of bullets fired from a worn out barrel, or a bullet that is to long for the rifling twist, these seldom make it to the target at 1000 yards). The length to diameter ratio of the bullet determines the required spin (Sectional Density). (Ballistic Coefficient, or coefficient of form, along with S. D. determines the remaining velocity down range, along with Relative humidity and atmospheric density) If the RPM decay was significant, many long range shooters would have to find another hobby

. The criteria for long range shooting that I keep in mind is a load/bullet combination that remains Supersonic through the target. The cone of dispersion increases in the trans-sonic zone. However, that is a flight charateristic that has nothing to do with the bullet RPM. Holes made in targets by projectiles going subsonic after a supersonic flight are still round.
Another indication that the RPM loss is minimal is comparing bullets that are coated with molydisulfide and a standard uncoated jacketed bullet. At long range, a moly coated bullet will strike several minutes of angle higher on the target than an uncoated bullet, with both started out at the same muzzle velocity. The moly seems to help engrave the bullet without leaving microscopic flash on the bullet surface and makes the bullet slipperier in flight. While that indicates a difference in terminal velocities, there is no evidence of any significant decay in RPM for either example.
Unfortunately, I have all my books packed away, so I can not provide you with specific research material. However, Precision Shooting Magazine has many articles on exterior ballistics and has the Calculus to go with it. You could contact Carroll Plante at Sierra Bullets with questions. I am sure they could provide definitive answers with the credentials to back it up. Good Shootin'. GregH