Hi ort:
I took your advice and shortened the charging wires. It really helped. It cut my voltage drop from about 0.5v to about 0.3v. I tried charging at the full 50 amps, and the voltage drop seemsed better, but the 50 amp current was still heating up the wires. So I took the idea one step further--I connected another 10 guage wire in parallel to double the conductivity. It also made it easier to handle the plugs because they now each have their own lead wires. Now the voltage drop is only about 0.15v at 50 amps!
I'm really glad I resolved this issue because I discovered a huge problem with this charging set-up: The problem is that you get a larger voltage drop at high current levels than at low ones. That means that if I set my power supply to 4.6v @ 50 amps, the voltage at the batteries would read 4.2v which is correct. However, as the batteries get charged, the current drops, and the voltage sag starts to disappear. By the time you get down to 10 amps of current the voltage at the batteries is 4.5 volts. That's much too high.
And if I were to set the power supply at 4.2 volts, then the batteries would be charging at 3.9v which would slow the process.
Right now I plan to set the power supply at 4.25v. This will charge the batteries at about 4.1v @ 50 amps. By the time it gets down to about 10 amps, I think the voltage at the batteries will be about 4.2v. I plan to disconnect the charger at 10 amps. I hope this will charge my batteries to about 90-95% which is my target. I want to slightly undercharge them to preserve them.