Hi mom, I felt the need to write as I have a 4 year old at the same weight and we just recently went through the same discussions.
Please take a look at the new research regarding moving your child to a booster seat. After doing ours, we have decided to keep our child in a 5 point harness. They have new models on the market that go up to 65 and 80 lbs! Some are the Britax Frontier, Sunshine Kids Radian, Evenflo Discovery, etc.
Typically, mom our 4yo would move to a belt-positioning booster, the one with the high back. This is so the belt is easier to keep in the PROPER place. This is key!! Your child needs to be able to use it correctly, ie, sit up straight and not move the seatbelt. The low boosters do not provide the same sort of protection as helping to keep the belt in the right place. These are typically used for older kids.
I understand that having a booster is much easier as far as getting your child in and out of the car and much more space saving. We had these same back and forth discussions. But safety of our kiddos was #1 and until I know for sure she's ready for a booster... she has grown more, her body is stronger, and she will use the seatbelt properly! ... we have her in a 5 point.
I hope this information helps regardless of your decision. And good luck to you!
http://www.aap.org/family/Carseatguide.htm
http://child-safety.blogspot.com/2007/04/5-point-harness-...
http://www.kyledavidmiller.org/pages/4211/Car_Seat_Safety...