W231 is the exact same powder as Hodgdon HP-38. I have done extensive load testing with 9mm Luger and HP-38 loads. My most accurate load is 4.5g of HP-38 with the Laser Cast (Oregon) 124g bullet which is a round nose it also works well with the SAECO #115 122g pointed round nose or the Hensley & Gibbs #7 124g rounded truncated cone flat base. I use just a slight amount of taper crimp on these cast bullets. The bullets I cast are somewhat softer 20:1 lead to tin than the Oregon Laser Cast bullets which are in the wheel weight hardness range or even a bit harder.
I was able to achieve .652" group sizes (average of 15+ groups) with 8 rounds in a S&W 952 Long Slide 6" from a Ransom Rest at 25 yards. On that pistol, the first round is always out somewhere else as it is headspaced differently vs those subsequent rounds which are sent into the chamber with firing pressure and thus I always discounted that first round from my calculations.
So that said, 4.8g is not too hot but may not be as accurate as 4.5 so work you way up.
Folks here have suggested Rich Daniel's adjustable charge bar. I have one of these installed on my 10mm S&W Star Machine Head. It is a really great bar and Rich can fit you out with one. However he makes this bar in a few sizes so you need to let him know the powder and the charge range so he can get you the correct bar that will suit your needs.
You adjust his bar with an allen head set screw that is accessable from the front of the Star, so you kind of screw in for a smaller charge and out for a larger charge. I think you will like this bar especially for load development. The setting does not wander at all from what I have experienced.
Also, get back to me with your load testing results in the 9mm or any further questions you may have.
Cheers
Art In CT