In case you guys have never seen it, or forgotten about it, check out the sticky thread above, titled, "Hey Tazz, how's the .223XR coming?" That was a thread about duplicating the .224Boz. One of our old members (Tazz, owner of the Agrip company) was on a quest to make his own .224Boz clone. He was initially going to neck down the 10mm brass to accept a .223 bullet (like the Boz), but changed his idea to making a sabot. After much promising, stalling, and many excuses, it ended in nothing. I read the whole thread.
It's a cool idea, but it's not feasible unless you have lots of money to spend. You will either have to develop your own cartridge, or develop your own sabot. As far as I know, no sabot exists for such a conversion (.400" to .223"). Either option will be VERY expensive, and require some serious engineering.
The best option is the 9x25 Dillon. With it, you get as much velocity, more power, and 9mm diameter. It won't defeat body armor, but you don't need that. Besides, I doubt the .224Boz is particularly effective. .223 bullets are meant for much higher velocity, and are not very effective at lower velocity.