chronograph ?

Well, sort of.

If you measure the velocity at (really very near) the muzzle, and then say at 10 yards, then 15 yards, and perhaps out to 50 yards (assuming you don't hit the crony), you can calculate the BC of the pellet in question.

I've sort of done that with several pellets, and I've become disenchanted! For example, a good .22 caliber varmint bullet will have a BC of about ±.252, the BC of a .22 caliber pellet will average a tenth of this (.025)! Sure! We're not shooting 300 plus yards, but geez! You'd think after about 100 years, pellet makers would find a way, instead of making just states-quo pellets!