I own both the Ruger and the Henry and shoot them regularly, mostly at hogs and deer. The Henry, right out of the box had issues with the hammer remaining cocked when the bolt was pushing it back and wouldn’t engage the sear. Henry fixed the problem and the rifle has been error-free with a couple of thousand firings. It kills deer and hogs really dead, however, it is heavy, very bright and colorful for a hunting arm (can’t bring myself to paint it), and expensive.
The Ruger, I call it my “kit gun,” needed several upgrades to realize its maximum potential. The barrel was free-floated, which helped groups, trigger springs by Wolff enhanced the let-off, and bolt shims made the lock-up of the two piece bolt what it should be. I added a fiber optic front sight and an aperture rear. It also kills deer and hogs really dead, however, it wouldn’t meet my accuracy expectations without all of the upgrades, was really bright and flashy with the stainless finish (I painted the barrel and receiver an ugly black and green), and is nearly as expensive as the Henry.
I carry, shoot, and hunt the Ruger more often than the Henry, mainly because it is nearly half the weight of the Henry and now camouflaged and it is virtually weather proof. It points, for me, better than the heavy Henry. The only detriment for the Ruger vs the Henry is follow-up shots, which obviously go to the Henry, but are seldom needed or able to accomplish with any reasonable degree of accuracy.