Joe,
One thing worth considering since you’re in between sizes is the load lifters. With the medium, the load lifters will connect to the shoulder straps at a higher angle than with the small size, given the same torso adjustment. Since the medium frame will extend further up than the small when both are adjusted to 18.5″, this may or may not be the ideal position. It seems like most people like the load lifters at about a 45-60 degree angle. If it were me, and I wanted to make best use of the load lifters, I’d get the medium. In an UL pack with relatively light loads it might not matter all that much – but I think it’s at least worth considering if it’ll help you make up your mind.
Examples of different load lifter angles. Note: I am not sure what the torso heights are in these pictures; it’s more to just illustrate the point.





