Thanks for the link, Oldman, that helps me picture what might've happened. How unlikely though! And the P-38 had to have taken much longer to catch up to its own bullets, but it doesn't sound so impossible now.
The cynic in me assumed it must've been a cover story for a friendly fire incident they didn't want to deal with, especially involving their top ace.
<S> guys
EDIT: Colmbo the book said the crew chief recovered the round, but I don't know how they tell the difference between US and Japanese ammo. Color of the slug or shape maybe?
The .50-caliber bullets are supersonic after exiting the muzzle but like any ballistic projectiles start slowing from drag and dropping due to gravity immediately, so while still far fetched maybe its not as impossible as I first thought.