It's not at all useful; in fact, I'd call it detrimental. Especially with regard to action shooting, you want to focus on the front sight by and large. The white outline is, at best, a distraction.
Definitely a gimmick.
I replace mine without it or put the blade on backwards.
Interesting to read what you wrote - on my Model 28 Highway Patrolman, many years ago, I found the white lines annoying as all I wanted to focus on was the front sight. I fixed that with a black magic marker, no more distraction. I like your way better. The. only things I want to see is equal gaps on either side of front sight (easier to achieve) and keeping the tops of all three areas level (more difficult for me. I'm trying my hardest to "move" that front post to where I want it to be - it's the only thing I try to concentrate on, and my trigger finger is supposed to be on autopilot, where it is constantly increasing pressure until the gun fires, and hopefully I've got the front sight post where it belongs).
Back to the 22, I've re-assembled everything, with the rear sight blade in the middle, and found a way to at least temporarily make it level. I've got a new gun rest that is supposed to allow me to be very accurate and precise, and will shoot the gun as-is, and see how far off the hole is, and how tight a group I'm getting.
On a totally different subject, the Model 17 was available in standard trim, or with a "target hammer", "target sight", and "target trigger". The "target trigger" on my Model 14 is almost half an inch wide, with serrations. My Model 17 has a more normal trigger, about half that wide, and no serrations. In discussions while buying the gun, I was under the impression it had the target options - maybe there was a mis-understanding. My question, are both models of the gun equally accurate/precise, or did the target model get any extra attention? Or in other words, is the difference just "cosmetics", or is the gun itself less of a performer if it did not come with the target option?
The person I bought it from had no idea anything was wrong, and the photos he sent me show the rear sight all the way to the right. We discussed this, and he used the gun just the way he got it (used, not new). He had no idea anything was damaged. He didn't shoot it as well as he hoped he could have, but he never got involved in figuring it out, like I've done. He shoots with his "opposite" eye, and maybe that has an effect on where the sight blade has to be. When he saw my photos, and measurements, he now understands the issue. If I had used the new name of the FFL, which does not include the word "pawn", he was planning on shipping the gun to me before I ever paid for it. In his mind, the gun was absolutely perfect. He agreed to cover the cost of having a gunsmith correct the problem, but my preference is to just buy the parts and do it myself, which will take much less time, and should have the same end result. ........if we went through with the first plan, and I examined the gun before paying for the gun, and I figured all this out, the smarter choice for me would have been to return it - but in every other way it seem/feels like a brand new gun. Oh well, that's now "water under the bridge". I can still buy another one if I want, and sell this one after it's fixed, but I don't plan to do that. I expect that I'll keep this one "forever".
I'm going ahead to make it into the gun I hoped it would be. I don't see how the "target" options, or lack of them, will make any difference in the performance of the gun. Is that correct, that they're more "cosmetic" than "functional"?