The way I understood it, the bolt gun has 5 reloads, it's just that it has to reload after every shot. So a panic with a bolt gun would be treated the same as a regular shot with a bolt gun in that regard. Slow action to reload and lower reloads by one step.
Resources for Forbidden Lands
Slumpgen NPC Generator for Android (EN, SE
Collection of Houserules (EN
Fobbot the Discord Dice Bot (EN, SE