The range is irrelevant in this case.
Any aerial platform and weapons combo worth its salt will always be engineered to engage a ship from stand-off ranges close to 180-250 Km in which case intercepting the platform is not possible unless the target is a CBG in which case the BARCAP+AEW&C deployed can engage the inbound platforms beyond the deployment envelope of the ASM/ASCM being carried by said inbound platforms. So a 125Km range interceptor solely developed for a higher range will prove woefully ineffective in such a scenario.
The larger interceptors from the SM family (2 and 3) are geared towards an ABM role despite being able to engage targets at extreme ranges. While such a high altitude and extreme range interceptor shall be required by the navy in the next decade as sustained hypersonic ASCM/Quasi BMs evolve and nations opt for them rather than smaller solid fueled ASM systems being employed by some nations atm for the high speed ASM role it is not a requirement right now.
Currently that leaves us with a few requirements. A SAM system capable of engaging both manned aerial targets as well as inbound ASM/PGM/ASCM (specially the sea skimmer variants of the latter). A SAM that has an active seeker along with an IR seeker, data-link, dual pulse rocket so as to be able to engage in high-g maneuvers even towards the end of its operational envelop. An integrated sensor and interceptor package with an extremely coordinated and smart mode of operation. The MF-STAR/ALPHA and Barak combo allows the ship to track, engage and intercept multiple inbounds simultaneously while coordinating through data and time share capabilities with other platforms for a truly coordinated and synergistic response. 80 Gs of lateral acceleration, an active seeker and robust ability to discriminate among multiple inbounds leads to a near perfect direct kill system capable of (along with its sensor and combat & data management system) engaging the myriad types of vampires we might face, from high velocity high alt NLOS-BM derivatives being intercepted in their terminal phase to the really deadly sea-skimmers being intercepted in concert with AEW&C platforms providing detection and tracking for the interceptor. The Barak fits our current needs quite well. Although the time it has taken to be fully developed has delayed the Kolkata Class DDG project substantially given that the said boats were in advanced stages of construction even back in 09-10.
