I'm of the opinion the only way to determine the actual reason for the change is to either conjure up the spirit of Bill Ruger, or have a reliable seer read the entrails of an owl.
Ruger's "Six" (Security, Service, Speed) series was one of the most popular and useful runs of revolvers ever made. (I carried one as a Border Patrol Agent in the '70s.) They were stronger than the "K" frame S&W (which I also had/have and dearly love), probably as strong as the Colt Trooper or Python, had a really good double action function and have outstanding service life. (They seemingly never wore out in use, small parts didn't break and they didn't go out of time.)
I've heard Ruger introduced the GP100 to compete with S&W's L frames. That makes a little sense, but the Sixes were already strong enough to compete, and S&W kept making the K frames (for a while at least).
I've never understood the decision to discontinue the Six series. While I am a snob and prefer the S&W revolvers, the Ruger Six revolvers were better revolvers on a dollar per dollar basis.