One obvious difference is that M-27 had checkering on the barrel rib and top of the frame, the sighting surfaces. Adds to looks.
I see more blue jobs on M-28's that have turned a plum color that I detest.
Pride in ownership suggests M-27. If you don't care about looks, just buy a M-28.
Oh: if you want a four-inch barrel, far fewer M-27's were made in that length
Sounds as if you BADLY need to buy a good basic handgun or S&W book.
If you want it mainly for trail use, I think either with six-inch barrel is a good choice. M-27 is just prettier.
Frankly,today, I wouldn't buy either. I prefer a stainless outdoor gun. I'd buy both a M-66 and a Ruger GP-100 and carry the first for ease of carry (it's lighter) and use the Ruger for most shooting with full .357 loads.
When you're backpacking or hiking, you won't fire enough Magnum loads to matter about carrying the M-66, and it saves weight on the belt.
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