The ammo that delivers the highest velocity from a long barrel revolver will deliver the highest velocity from a short barrel revolver too. Unless the 45 Colt ammo is loaded to the same pressures as the 454 Casull of course the 454 Casull will generate more velocity when the same weight bullet is used in both.
.45 Colt = 14,000 PSI MAP
.45 Colt Ruger/Freedom Arms = 25,000 PSI to 30,000 PSI (no SAAMI spec)
454 Casull = 65,000 PSI MAP
Same goes for recoil, the ammo with the most felt recoil in a long barrel revolver will also have the most felt recoil in a snub-nose revolver.