This may be a bit difficult to see on the image because the database reduced its size. But the listings are organized alphabetically by song title, and the song titles are halfway readable.
Fortunately, I don't trust myself. ;-) I looked it up again and couldn't find this record in the Fall 1916 catalog. Instead, it shows up first under Vocal Selections in the Spring 1917 Sears, Roebuck and Co. catalog, page 809. So you were right after all.
Now we know that this orange label was used Fall 1916 to Spring 1917.
You can't go by the catalog numbers here, just to make that clear. These catalog numbers are identical with the original Columbia matrix numbers. They have nothing to do with the order in which Silvertone released these records.
That record, Silvertone 46448, has been correctly entered as a 1917 release. It features the purple label with gold print that was only used in 1917, as I mentioned below, and I even found it in the Fall 1917 Sears catalog (see my October 2015 comment on that record).
This label, the silver piper on orange, just FYI, is a 1916 label. Sears, Roebuck and Co. used it when they introduced the new Silvertone records in their Fall 1916 catalog. In 1917, they changed to a simpler design that featured the piper only in a small, round golden circle above the SILVERTONE name in gold on a purple background.