It doesn't sound as if you have a problem as far as OAL is concerned. But why are you concerned about your 44 Mag loads being less than 1.6"? The Speer Manual I have in front of me shows an OAL of 1.575" for the 44 Mag when using Speer 240 grain JHPs. Seating bullets too deep can indeed cause high pressures, but as far as I can tell from your question, your bullets are actually seated just a bit shallow.
The only thing I would be a little concerned about is that you wrote you are using 8.0 grains of Universal behind Speer 240 grain JHPs. According to my manual, that's somewhat light even for a starting load. I don't think it's light enough to cause you any great problems, such as a bullet stuck in your barrel, but you might find your loads are kind of dirty. Then again, I've never used Universal powder, so I don't know for sure. But a lot of powders burn cleaner if you don't drop below suggested loads. Besides, if you don't have enough pressure to swell your cases you'll get a lot of burn marks back down their sides. They have to swell enough to seal the chambers thus directing the burning gases forward, down the barrel.