1) Find the handlebar position that suits your body, not aesthetics. Unless when your back hurts you can soothe it by telling it how nice your bike looks. You will go much further, faster if you are comfortable.

2) It makes no sense to have 4" of risers under a stem with 1" of drop. Flip the stem to a vertical position and remove 2" of risers.

3) Try the bike for a few days/weeks till you are absolutely sure you want to cut the steerer. Maybe save a bit on top just in case you want to raise it 1cm down the road (up to you).

4) Understand that dramatically cutting the steerer tube affects the resale value because the next guy might not be as flexible as you and/or may have a stem with a taller clamp area.