Why do you want an axe? Are you going to use it or look at it? I like vintage stuff if it saves it from the smelter and preserves a tradition. It is a way to get good quality at a reasonable price also, but there is an additional set of circumstances to consider also.
Council is a rare bird, a US company making a tool in the US and actually selling it at a reasonable price, not a hobbyist or foreign subsidy making "proper axes" for dudes/pretenders and selling at enthusiast prices. Kelly isn't coming back no matter how much you pay for a perfect or black raven on the bay, and you just encourage the picker/trader/collector/speculator crowd anyway. If Council makes a decent axe that fits your needs, buy it now or pay for it later online. If this sentiment offends anyone, my aopologies; some exaggeration is made for effect.
The jersey classic looks decent, although I prefer painted w/o phantom bevels. 3.5# is the standard because it works. Straight handle is excellent for all around use. Length is dependent on your build, application, and preference, not to mention fashion trends. I have a hard time seeing how 4 extra inches is going to affect anyone significantly, esp. On a straight handle.
Anyway, you may or may not find that axe suitable for your needs. It is, however, just as likely to work for you as some idealized assembly of vintage and/or premium parts that meets the "requirements" of internet/virtual users...