I like your Kit Gun modification of the M31.
The bullet weights of the Lyman designs you mention are close to the Saeco #325 98-gr. SWC and #322 122-gr. FN which I use in my Model 31 and Colt Police Positive.
These days I use mostly Bullseye. My standard working load is 2.5 grs. with the 98-gr. bullets and 2 grs. with the 122-gr. bullets. These are max. if you want to stay within standard pressures in deference to the older S&W Hand Ejectors having un-heat-treated mild steel frames and cylinders. I have a couple older guns too, so must be careful.
In post-1957 J frames with the Model number stamped in the yoke cut, you can increase loads to about 900 fps with 98-gr. bullets and 850 with 115-120 gr. ones.
There is some lot-to-lot variation with 231, so do not exceed 3 grains with a 98-gr. bullet or 2.5 grs. with a 115-122 gr. one unless you can check velocity. If your revolver cylinder gap is in the typical range of 0.006-0.008" 3 grs. with a 98-gr. bullet “should” give you 900 +/- 30 fps. and 2.5 grs. about 830 +/-30 with a 122-gr.
If your powder lot is on the slow side you can cautiously creep up to 3.5 grs. to adjust velocity over the chronograph, but stay below 950 fps sample average to avoid loosening the gun, as such loads approximate .32 H&R Mag. pressure in the smaller case.
Unique has less variation from lot to lot. I have used 3 grs. in older Hand Ejectors as a full-charge load with 98-gr. bullets. In later strong guns I use 4 grs. with the 98-gr. bullets or 3.5 grs. with the 115-122-gr. bullets, which equal .32-20 performance.
Red Dot is very fast burning. Some lots actually run faster than Bullseye, so I would not exceed 2 grs. unless I checked velocity. With a 98-gr. bullet that should be a full load. I wouldn't use Red Dot at all with bullets heavier than 100 grs.
Other good powders to try are SR7625 and PB.
Older lots of 7625 have a burning rate similar to 231 and you can use the same starting load data, checking velocity. Newer lots may run closer to Unique or PB, and you will need to adjust charges maybe +10% and check with the chronograph. In the stronger guns 3.5 grs. of my older 1980s lot ran 1030 fps with the Saeco #325 - that was a load I used in my Ruger Single Six in S&W Long cases, but is a bit hot for steady use in the Model 31.
PB charges run closer to Unique. Work in the range of 3.5-4.0 grs. with either bullet and check velocities as above to stay out of trouble.
Speer lists data for #2400, but I found I couldn't get any more velocity with it in a revolver than I did with 7625, PB or Unique, but it works well in my Bunny Rifle and gives about 1300 fps in a 26” barrel. In the .32 S&W Long 7 grs. is a full charge load with either bullet in modern guns, approximating the .32 H&R Magnum at 1000 fps.
Go through the Bunny Gun thread in the archives for more discussion, but this will get you started.
73 de KE4SKY In Home Mix We Trust From the Home of Ed's Red in "Almost Heaven" West Virginia