Seems like if the knurling was done for the full length of the bullet it could create some serious gas leaking as the gas blows thru the knurling.
If it was only done for a short length, that area might fit the bore well but you still would have the undersize bullet in the non knurled areas.
If your wife has an old dress pattern that you can 'borrow', you might want to try using the pattern paper for your paper patched bullets.
If she isn't into sewing, "out of date" dress patterns can be bought really cheap at a fabric store.
Paper patched bullets take at least two full layers of wrapping but the dress pattern paper is only about .001" thick so each layer only adds .002 to the size of the slug. It would take several layers to begin to approach the thickness of a single layer of masking tape.
You will want the finished bullet to be .002-/003 smaller than the guns bore.
If you want to try using dress pattern paper, cut it to a width that will match your bullet plus 1/4". Cut it to a length that will give you the number of layers you want to end up with.
Lightly dampen the paper strip with water and place the bullet so the extra 1/4" is hanging over the rear of the slug.
Place the paper on a flat surface.
Roll the bullet on the paper for the full length of it.
Twist the 1/4" "tail" several times and push it down against the rear of the slug.
Sit it aside to dry. When it does, the paper will shrink and become so tight it will not unwrap.
Do not lube these until just before you load them.
If you do lube them too soon, the paper will fall apart when you ram it down the bore.