I've posted this same story many times, but will again. Back in '86 I bought a NIB 686 and almost immediately found that Federal 125g Jhp's would jam the cylinder. I've never been a fan of 110g's so could not attest to them. Every other brand of ammo I tried would work fine, but it would invariably choke on 125g Federals. I took it to Gun City in Nashville, an 'Authorised S&W service Center' and was told that i needed to clean the gun. I was, and am a fanatic (call in anal) about clean guns, so I knew smoke up my skirt when I felt it. I wrote S&W (no such thing as Email back then) and never recieved so much as an ackowledgment from them.
About 6 months to a year later notices started appearing in the gun rags about the recall, the hammer bushing was allowing primer flow back into it and tying up guns.
I've never sent mine in, stopped using much factory and concentrated on handloading after that, and have never had another problem out of my 4" 686, after 5K to 7K rounds.
I would rather have an unmodified example but if you are relying on this gun for self defense, go ahead and have it done. Murphy has no mercy.
RD