Well, I know why its got the turn ring where it is now. And yes I bought it. (not at the list price) The PO must have taken the cylinder out and not made sure the base pin was back in the right place. There are 2 notches in the base pin. There is a spring loaded base pin latch nut that holds it in . The first notch is where you normally have it and the second notch will keep the hammer from going all the way down as a form of safety. The PO obviously had the base pin turned 45 degress. If you shoot it this way the base pin will walk out as it is not held by the base pin latch. If you shoot it enough it will walk out enough to allow the cylinder to rub on the frame. When assembled correctly the gun is timed right and is very tight. I don't think it has been shot much at all.
I cleaned it and warmed the cylinder with a heat gun, applied a little cold blue on the hot cylinder and its acceptable as a shooter.
thanks again for the opinions!