Seedman, there are several RDs that will fit the Hellcat by one means or another. You're already aware the Shield is a direct bolt on with no mods required. I think the Swampfox is also a direct bolt on, as are a couple others. But the mounting is only one of the questions you might want to consider.
There is only a few RDS's that will give you 100% or full co-witness with the BUIS on your Hellcat. That's an important consideration for some, not so much for others. I'd strongly suggest you looking at a couple both ways ..... those with 100% co-witness and those with less. Make up your mind if it's as important to you as to me and others before you buy and build. Personally I would not have a handgun that did not 100% co-witness. A long gun is a little different in that with the longer sight radius a small tilt of the head will often give enough co-witness to use the BUIS, not usually so with a hand gun.
There's also the size of the dot in MOA. Some prefer a smaller dot, some like a larger one. Think about whether your Hellcat is a primary EDC PD gun, or is it something you'll be doing some target shooting with. You'll find the dot size will make a real difference in those uses.
Another consideration to mounting is are you comfortable grinding on and modifying the mount system on your gun slide just to use a particular RDS? It doesn't take much, but remember once modified by grinding and/or shortening some of the mounting/locating posts on your slide, you may find at a later date you've eliminated some possible future mountings or should you decide to resell your Hellcat, some potential buyers may not be inclined to want a modified gun.
As to the better color, as previously mentioned that's largely a personal preference. There are a few occasions where the different colors work better for some than others. Again, try them and see for yourself which is better for you.
Good luck and enjoy your Hellcat.