I haven't tried it yet, but according to the S&W parts manual the .500 wide target hammer for the 617 will fit the L frame with the frame mounted firing pin. As to why, the 617 is a rimfire that stikes at the top of the rim, the L frame uses a larger diameter cylindeer and the dimension must coincide. Take a look at the parts manual for the 686 and the 617 on S&W's PDF archive, you'll see that there is a .500 wide target hammer with the same part number in both listings.
Now, one big issue will be finding that particular hammer, Brownells doesn't list S&W part numbers and Numrich won't let you search by part number. Quite simply, the number may be in the catalog but I haven't yet been able to find one.