I have owned 2 of Richard's cues. They are great investments. I profited from the sale of the first one and have actually been called several times to sell the second for big profit. (They will have to pry it from my cold dead hands...)
As for playability, his cues are among the very best I have ever used. The one note I would make to qualify that statement, however, is that you must use Richard's tip. Mr. Black turns repairs around very quickly. If I so much as need a new tip, the shaft gets mailed to him.
The hit is quiet but lively. Not stiff, but not whippy. I can feel confident shooting long shots very straight, and I can smoke a draw shot over 18 feet with his cue. Black cues are exceptional performers in my experience.
One of my cues had a black phenolic joint and the other an ivory one. I have never tried one of his steele jointed cues.