I load a lot of magnums, including .454, but I'm not much for short barrels in them, though I can give you my experience with non-magnum shorties.
The conventional wisdom and theory behind fast powders in short barrels seesm to make a lot of sense, but in a .38 snubby, out of Red Dot, Bulleye, Unique, and Blue dot, I got my best velocities (148gr DEWC) with Blue Dot followed by Unique, followed by Red Dot Followed by Bullseye.
With .25acp, 35gr Gold Dot, I got my best velocities from Unque, followed by red Dot, Follwed by Bulleye.
This is a limited scope, but these sure do seem to defy conventional wisdon by 180 degrees.
I have no expereince with AA powders, but years ago I did experiement a lot with powders besides 296/110 for my 7 1/2" Casull. Nothing else came close to performance, but other less slow powders produced less flash and recoil, but sacrificed a lot of velocity in return. I'd expect for you to see similar results in your short barrel, in spite of conventional wisdom.
At the time I bought Feedom Arms, they provided handload data for it, and it had lost of "reduced" .454 loads for non-Freedom Arms bullets, (which was the only company that made suitable full power bullets at the time). The load data on their website now is only for FA bullets, but is comparable to XTP-MAG in jacket and hardness contruction.
Ultimately, some experimentation is is called for, and your end goal and expected useage will be a factor in whether you need max velocity is necessary or whether something more comfortable might be in order.