Hi Mike, the only negatives I see about buying the Uberti 1862 is the high cost for extra cylinders. Also, I don't think anyone makes a .38 Special conversion cylinder for that model.
A 5.5" 1862 should be a hoot of a revolver to shoot.
I ordered balls, wads, and .357 Lee mold for my new revolver. I like shooting the "Big Boy" BP revolvers, but there is something very special about handling and shooting the compacts.
I'll report back after I get to shoot my new Uberti 1862 Police.
Regards,
Richard