The gun was originally .455. There is a slight recess cut for the smaller diameter .45 Colt rim (it's thicker than .455) so it will headspace correctly. Both cartridges can be fired in a cylinder so modified. Accuracy with .455 may suffer due to the long freebore caused by the extended .45 Colt chambering.
The top mark on the top of the left frame is the British "Broad Arrow" property mark, so the gun was a service weapon. The original caliber stamp was "New Service .455 Eley" which has been partly obliterated, and left with just "45" to indicate a caliber change to ".45 Colt" (and is not a really good way to indicate that). I know the crossed flags on the cylinder mean something, but I don't remember exactly what. At one time each cylinder chamber was also marked with "crown over whatever" proof to indicate proofing for release for private sale. It also looks like the "pony" is still partially there.
Buck