PKnTX: Hold on buddy, the 4&5/8s is a great length barrel and depending on heft and feel for you personally, the shorter barrel will give you everything you need. Heck, we used to shoot 200 yd metallic silhouettes with 4" S&Ws, so you have all you need in the accuracy dept with the shorter barrel and as for ballistics - hey, if I can send a 200 gn cast slug down a 4" tube with enough wallop to knock over a steel ram with a center hit that does not happen with a 158 gn slug, I do not think there is any in performance with the shorter barrel.
Re: target aquisition - usually the shorter sight radius is better for most folk, which is why most service revolvers and autos had a 4-5" barrel, and balance is very important in that respect. Since you said you would like to use it for range work mostly I think you will be very satisfied. The Blackhawk is one of those revolvers that will shoot practically any bullet with enough accuracy to make ya smile.
And if you like the looks of a shorter barrel, go for it; you will not be sorry. I lugged around long bbls for a long time and finally had them rebarrelled to shorter lengths and have been a happy camper since. And for the occasional hunting, which is pretty regular with a handgun, I use a 200 gn cast swc over a Winchester powder charge for anything on 4 feet excep really big bear. The same bullet in 38 spl cases is a ball. You can almost count the seconds between discharge and the dong on the gong at 100m with that slug in 38 spl loadings. I would suggest the shorter barrel. Too much fun not to have.