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Micah, yes Sir it is compatible with 50AE Barrel and Magazine as you stated. Cheers and stay safe!

Micah, it sure can. The barrel is removable so you can swap calibers. Just make sure the barrel/conversion is specifically for the L5 because other models won't fit it. Hope this helps.

Micah, it certainly can. Like the XIX, the L5 can change between .357, .44 mag, and .50AE by changing barrels and magazines. Have a great day!

Yes sir. Mag and barrel and you got a real hog leg. Good luck