In free-space optical satellite networks (FSOSNs), satellites can have different laser intersatellite link (LISL) ranges for connectivity. As the LISL range increases, the number of satellites from among all the satellites in the constellation that will be needed on the shortest path between a source and a destination ground station decrease, and thereby the number of the LISLs on the shortest path decreases. Greater LISL ranges can reduce network latency of the path but can also result in an increase in transmission power for satellites on the path. Consequently, this tradeoff between satellite transmission power and network latency should be investigated, and in this work we examine it in FSOSNs drawing on the Starlink Phase 1 Version 3 (i.e., the latest version of Starlink's Phase 1) and Kuiper Shell 2 (i.e., Kuiper's biggest shell) constellations for different LISL ranges and different inter-continental connections. We use appropriate system models for calculating the average satellite transmission power (i.e., the average of the transmission power of all satellites on the shortest path) and network latency (i.e., the end-to-end latency of the shortest path). The results show that the mean network latency (i.e., the mean of network latency over all time slots) decreases and mean average satellite transmission power (i.e., the mean of average satellite transmission power over all time slots) increases with an increase in LISL range. For the Toronto-Sydney inter-continental connection in an FSOSN with Starlink's Phase 1 Version 3 constellation, when the LISL range is approximately 2,900 km, the mean network latency and mean average satellite transmission power intersect and are approximately 135 ms and 380 mW, respectively. For an FSOSN with the Kuiper Shell 2 constellation in this inter-continental connection, this LISL range is around 3,800 km, and the two parameters are approximately 120 ms and 700 mW, respectively. For the Toronto-Istanbul and Toronto-London inter-continental connections, the LISL ranges at the intersection are different and vary from 2,600 km to 3,400 km. Furthermore, we analyze outage probability performance of optical uplink/downlink due to atmosphere attenuation and turbulence.INDEX TERMS Free-space optical satellite networks, network latency, optical inter-satellite link, optical uplink/downlink, satellite transmission power, tradeoff, outage probability.