I dont have a Lee book here in front of me so I will take your word at it. My guess is that lee is covering there butt just incase you happen to be shooting a 1st gen colt ( low pressure ). 9.5gr of Unique may damage that gun. You are shooting a Ruger. The minute the hammer drops a SA starts to roll in your hand. The slower the bullet goes down the tube the more the muzzle rises and the bullet leaves higher than your site picture. Your load is right around 800fps. 9.5gr would put you around 1045. Start bumping your load up .3 at a time until you find what YOUR gun needs. You may want to tighten up your grip some also.
Howdy
With all due respect, in my experience the results are the exact opposite. I have heard this theory put forward many times, but practically speaking it does not hold water. Yes, with a handgun the muzzle starts rising from recoil the instant the bullet starts moving, but practically speaking the difference in time spent in the barrel is insignificant. In fact, the muzzle rises more before the bullet leaves the barrel when a heavier powder charge is put behind the same bullet. I have plenty of targets that will demonstrate this. Generally speaking, with a handgun, if you want to lower the point of impact without doing anything to the sights, reduce the amount of recoil. Period. You can do this by reducing the powder charge behind the same bullet, or by using a lighter bullet. Always staying within the recommendations of recognized published reloading manuals, of course.
Getting back to the original question, how are you shooting the gun? I know a lot of folks believe one should test a gun by shooting it exactly the same way as it will be used most of the time. Most will say the gun should be tested firing standing, either one handed or two, exactly the same way it will normally be fired. The problem with this is it introduces the human element into the equation, and what you really want to know is how does the gun behave all by itself, without the human element being involved. Things like flinch, trigger pull, how the gun is gripped, not to mention how well we can hold the gun steady while it is waving around at the end of our arm, all enter into the equation.
If you want to determine what the gun is doing, reducing all those other elements to a minimum, then bench it. You really ought to try shooting the gun from the bench before considering sending it back to Ruger. If after benching the gun, and all those human variables have been removed, it is still shooting too high to be acceptable, then consider sending it back.
Bench resting a revolver does not have to be elaborate. I usually place a sandbag on top of a small tool box to raise the gun up to my eye level. It is important to be sitting comfortably, not craning the neck to get a good sight picture. Bench the gun so you can see the sights easily while sitting comfortably. Either place the gun butt directly on the sandbag, or rest your hand on the sandbag. Either one, whichever is more comfortable. Bear in mind that with the hand between the grip and the sandbag you may get pinched by a heavy recoiling load. Be sure to form a proper sight picture. Center the front sight in the rear sight, with the top of the front sight level with the top of the rear sight. Then place that sight picture on an easily seen spot on the target. Sometimes holding dead center on the bull is not exact enough. That is why I prefer a 6 O'Clock hold when I bench a pistol. It lets me see exactly where my point of aim is. Stick on target spots, the bright orange type are good too. Generally, make it as small as you can see it. Bigger does not help with accuracy testing. Set your target at a reasonable distance, 10 yards is good for sighting in a pistol.
Consistent trigger pull is important. Pull the trigger with the pad of the finger under your fingernail. Do not rest the trigger in the crease behind your first knuckle, even though that will probably feel more natural. Apply consistent pressure on the trigger so you do not know when it is going to fire. Let the shot be a surprise.
Lastly, be sure to grip the gun consistently for each shot. You are trying to simulate a machine rest. Allow the gun to recoil exactly as it wants to. Do not attempt to restrict the recoil too much, that introduces the human element back in. You want to be imitating a Ransom Rest to see what the gun does all by itself. I always grip a handgun very lightly when first bench testing it, allowing it to recoil the same amount for every shot.
After benching the gun you may discover that it is shooting differently than when shot offhand. Hopefully not as high. No matter what the case, if the gun is shooting differently offhand than from the bench, it is the human element that makes the difference, and you have found a baseline for how the gun actually performs.
If you are still dissatisfied with the point of impact after benching the gun, then by all means contact Ruger. Describe to them exactly how you were shooting the gun, give them load information, and a test target is not a bad idea either.