Devils in the details,
Although the pinned barrel ceased sometime in the early 1980's all S&W K and J frame revolvers have recessed cylinders so not an issue.

If the price is adjusted to reflect its a refinished gun in "shooter" condition that has no collectability I would buy it (even though I have too many shooters already )

Priced anywhere near an original Model 34-1 or Model 63 I would lose interest VERY quick and just keep my feelers out for a nice 34-1 or 63.