People might be tripping up because Avonride did three hubs that will take 203 x 40 brakes (and also with that PCD), but also took 200 x 50 ones too. You should have a casting number on the drum, hopefully, which should help you.
It sounds to me like you may be being misled by the ident card too. 48548 is an inner cone and 48510 should be it's matching cup, not the outer bearing number. And, just to compound the issue, Avonride only usually fitted this size bearing outer to a 250mm sized drum! Also could this: "L48549X" have been misread and the 9 actually be an 8? As this would be more likely.
Anyway, all of the above is throwing up more questions than answers, so sorry for that. This may help you, though. This is the casting number with the correlating bearings, for the Avonride 203 / 200 drums:
Casting number 11890
Inner cone LM67048
Inner cup LM67010
Outer cone 32004X (outer cup inc.)
Seal 250.168.37
Dust cap diameter 47mm
Casting number 13856
Inner cone LM67048
Inner cup LM67010
Outer cone L44649
Outer cup L44610
Seal 250.168.37
Dust cap diameter 60mm
Casting number 16035
Inner cone LM501349
Inner cup LM501310
Outer cone LM501349
Outer cup LM501310
Dust cap diameter 82mm
Hope above helps. If not, feel free to post up again
All the best