In my opinion this idea looks like it will do 3 things:
1. overwork and waste 458 brass (lots of trial and error before you get a few goods ones)
2. The steep angle will destroy the chamber in less than 1200 rounds
3. Go kaboom and hurt someone
Also, you will still need a long 22-24" barrel to gain the benefits. I understand the thought of looking for something new, but of all the variant ideas around based on the AR15 platform, the only variant that truly has the support and verstility is the (I am afraid to say it) the 300 BLK. Same bolt, same unmodified mags, same parent case thats easy to make at home if needed, lots of industry support, ammo on the shelf, etc, etc. I myself, am a huge fan of the 6.8spc, but I took the next step and bought the LWRC six8 with the widened magwell and proprietary magazines so I can used the COAL to my advantage as needed for more velocity.
If you just want to go fast in a AR15, why not a 204 ruger? or a 17/223?