I have a couple of the Mag fed SH in 18" and 22". The shorter length barrels sure make the rifle much more easy, quick to handle and store. The 29" will get you a couple 100 ft more per second than the 22" but for shorter range shooting/plinking it wouldn't matter one bit so I would take the shorter length. The mag fed does make the rifle much quicker to reload, no doubt. It also is fun to rack rounds into it shooting offhand which you will be able to do with the shorter barrel. If your in no hurry a single shot is fine. Helps conserve that expensive 50 BMG ammo.
I run the UBR stock and have fired well over 300 rds with it in place. It seems to be holding up fine. I did wedge a short piece of thick wall rubber hose in the gap formed where the stock pulls out. Just incase the locking mechanism lets go. I have one of those gel pads on the back and it does soften the blow. Felt recoil for these little lightweight 50's is about the same as my Remington 18" tactical 12ga shooting 3" mag, stout but well within my comfort zone.
An SS 10X fixed would be just about perfect combination for you needs out to 4-500 yards.
Photo of my 18" mag fed SH.