I presume you want to change a frame with new MIM S&W hammer to use the old style hammer with hammer nose.
I've done this conversion from frame mounted pin to hammer mounted pin twice, just not on a new MIM Smith. Once on a Christy modified Colt SAA and once on a 22 rimfire pre war Smith converted to a 22 centerfire round. It's not the voodoo task same may think it is.
It takes two relatively minor cuts in the hammer channel:
One is to deepen the top of the end of the hammer channel for the square top side profile of the hammer with a hammer nose pin. A much easier alternative to this is to grind back the upper front hammer face with hammer nose removed, to match the slant of the MIM hammer face and re-install the hammer nose. Compare the heights of the two hammers. If the old style hammer is a bit taller, the upper curve of the hammer channel may need to be extended. Or grind down the top of the old style hammer. doing that will allow the frame to be converted back to an MIM hammer w/o evidence on the outside of the gun, not counting the vertical slot in the hammer channel from step 2 below.
NOTE: The function of the sliding bar hammer safety block should not be affected, but double check for function before going to step two.
The 2nd step is to mill in a vertical slot thru the hole, above and below the hole, that used to house the frame mounted firing pin, for the hammer nose to fit in. In my case on the rimfire gun I had to change the firing pin bushing to one with a firing pin hole in the ctr instead of at the top of the bushing. That's not needed in your case, use the original bushing.
This is normally a milling machine task. But with some skill, it can be cut with a dental tool and small round diamond bit. Even a Dremel tool with a high enough speed. (Unfortunately, the slot is too deep in the channel to use a carbide cut off wheel to cut the slot.)This eliminates all the milling machine set-up time.
Looking at both hammer channels side by side with hammers cocked should make the above text clearly understandable.