Well, it looks like a combination of things, done at a slow pace, is the way to go. I had no idea of the common availability of a thin front sight that can be easily obtained AND easily dovetailed at the end of the line, so to speak. And the careful dremel job by Mr Dalton looks like the resulting sight picture must be wonderfully clear AND one that allows more flexibility in the POI dept.
I think the main reason I latched onto adjusting the sight picture by going at it from the rear notch has been influenced by the youtube videos by Mike Belliveau. He's mentioned this procedure more than once in his various productions, but I can't recall one time where he advised a new front sight by showing an example of one that he's done.
Anyway, many thanks to all who contributed their excellent viewpoints on this common situation with replica revolvers. As one member mentioned, getting used to mentally adjusting your sight picture by aiming low becomes "natural" after a time. While this is true, to a degree, and is something we all have had to do it still doesn't beat a handgun that shoots right where you point it, ultimately. Just my opinion, of course.
postscript: I just looked at those photos submitted by Dicky Dalton again. Really nice job, Dicky!!