Forearms yes, percussion caps no.
A large fraction of the harm from firearms comes from their ability to fire rapidly which didn’t exist when the constitution was written. As such it was making a very different balance of risk between the general public and individuals.
1. The second amendment wasn't written because the authors thought guns were inert. It was written precisely because they could impart deadly force.
2. As someone else pointed out, early repeating rifles did exist then.
3. If the meaning of the constitution is only to be evaluated against the technology available at the time -- what does that say about the validity of the 1st or 4th amendments with modern technology?
The balance of power being considered then was between the state and the people. Fear over a standing army was real.
The Girardoni repeating air rifle predates the ratification of the constitution by ~11 years and was taken on the Lewis and Clark expedition ~13 years later. Really the whole discussion around 2A is usually nonsense because it ignores the context that the entire Bill of Rights had a completely different meaning prior to the 14th amendment leading to incorporation over the last century (and other expansions of federal power via commerce clause); that is, the Bill of Rights originally did not apply to the states.
Very obviously individuals were expected to be part of the militia, which was the military at the time (c.f. the Militia Acts 2 years after ratification requiring individual gun ownership and very clearly laying out that all able-bodied white male citizens aged 18-45 were part of the militia), but also states could regulate weapons if they wanted.