1BadMagnum,
The issue has nothing to do with COL in this instance. The .475 is longer case than the .480. As was previously stated it would be like trying to put a 357 in a 38 chamber, it should under no circumstances fit! The .480, when handloaded, with heavy cast bullets only gives up a 100fps to the .475 from the data I've seen. I've shot a .480 in a Raging Bull with the porting and the factory grip (awesome grip for eating recoil) and it was very manageable. The muzzle blast was quite impressive on the indoor range. If the .480 doesn't have the power you want/need, the 475 isn't likely to satisfy it either. It is a impressive round that has the power to kill anything that walks at revolver ranges. I can't speak for the Ruger as I haven't fired one. The .480 is on my list of guns to buy, but I'll hold off until I see how the Ruger compares to the Raging Bull. I think that Freedom Arms makes a .475 , that would allow you to fire either round.