If your velocity figures come from a chronograph they're believable. If they come from the Magtech box then quite a bit less so.
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I apologize, the specs come from their web site.  I have a chronograph too but hadn't really thought about checking the stuff out until just now.

I'm not sure if I'm being asked, but I'm primarily shooting Magtech 180 Gr JHP and my brother is now beginning to reload 10mm.  I was very surprised to learn when I bought my first 10mm last year the majority of target ammo for this caliber is wad cutter or semi-wad cutter.  The Magtech 180 Gr JHP and wadcutter ammo is pretty hot and fast for the money with 604 ft.lbs of muzzle energy and 1230 FPS of muzzle velocity out of a 5" barrel.  I love my new Sportsman's Warehouse Exclusive Kimber Stainless II 10mm.  I will ultimately add night sights to it.  I see they are back up to $849.99 again.

That gun is great, have you shot it yet, bigdog72?  Coincidentally, I bought the same gun this week at my local Sportsman's Warehouse which recently opened.  It is a Sportsman's Warehouse Exclusive firearm.  I didn't even know that gun existed until the local store opened.  They had it on sale for $699.99 and I had to have it.  They took my Kimber GFO 10mm as a trade-in too.  I've only shot 50 rounds so far, but it shoots great.

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It's the Kimber GFO (Shot Show Special).  I own one and it shoots great.  Mine does give me "brass kisses" to the slide behind the ejection port.  Kimber indicates they don't offer warranty against their 10mm's doing this due to the "butterfly" ejection pattern of this caliber.  I've read a couple people having problems with theirs but mine runs like a sewing machine with a very consistent ejection pattern.  Various internet retailers have this gun pretty cheap.  I believe Rural King has it on sale right now for $599.99.