Old hammers that drop attached loose firing pins with an arc movement
The typical single shot shotgun firing pin is full length. When you push it down with hammer before rebound, or with a stick (with breach open) what you see is what you have. (You cannot push it further into the frame with a toothpick and see it come out further at the breach end) So the question is why a "floating" or "inertia" firing pin that either does not stick out when hammer down flush before rebounding (1911 45), or sticks out only slightly (new S&W revolvers). Sure they are used in numerous semi autos. Not just the 1911 45 auto. One article even claims the AK47 uses an inertia firing pin (that travels forward after being hit by the hammer and impacts the primer with its own weight).
So, whereas I completely believe the machining process is easier with a firing pin that does not travel at an arc. A frame mounted regular pin similar to single shot shotgun would seem logical to me, at first glance.
Either way the damage to firing pin holes seen in old often dry fired revolvers, with hammer falling at an arc, now ends.
No longer will the ridge from outward peening of the firing pin hole penetrate into a just fired shells primer, preventing cylinder rotation for next shot. Or even cause enough binding to make first shot hard or impossible. (Anyone who does thousands and thousands of dry-fire snaps in older revolvers should run his finger tip over the firing pin hole before reloading and putting it away after each session).
(What does just 15 snaps a day or 100 a week for 52 weeks add up to? There are target shooters and combat shooters who do this, most love the 1911 45 auto with its level, inertia firing pin perhaps).
So, most people do not extensively dry fire revolvers. Safety wise we can either assume the people who buy police and military handguns are educated idiots easily duped or we look harder. About 40 years ago I read that S&W lost a navy contract in (1905?) when a revolver was dropped on a ship and a sailor shot in leg. I have not looked inside old guns but the article indicated (if memory serves) that the "rebound slide" that cams the hammer back and lifts hammer block in place dates to that time (or maybe just the hammer block?).
Note number six in below diagram. And note the pin number 31 that moves the hammer block back in position, number 48. (If I remember that date correctly the last time a S&W revolver was dropped and fired was well over 100 years ago)
Smith and Wesson Model 29 Parts Diagram - Smith & Wesson Model 29 Exploded View - Shooting Photo Galleries
When you empty and dry fire the newer floating firing pin revolvers, and an old hammer attached model, side by side not much is obvious at first. Then you put a pencil down the barrel eraser first, after cocking (again be sure it is empty) and see how far the pencil travels upward. Much further with old models. Not much with the newer models. So what is the good news?
So lets talk examining the primer after shooting.
I assume the good news is that the idiots that overcharge hand loads (instead of buying a bigger gun) have less to work with as the shell rebounds against the firing pin and weight of hammer in the old, verses the shell (again pushed forward by impact of pin) slamming back against only the light firing pin of the new. The primer will look more normal now and far less likely to rupture. Rebounding shell against the weight of the hammer is no longer an issue. Thin cheap primer material from foreign sources less scary.
And if it does rupture it is extremely unlikely any gasses will make it in the small firing pin hole around the small part, or around the fatter part of the firing pin, back around where firing pin gets small again, and out around the fatter hammer surface, toward the shooters face. (Also, the firing pin being pushed back by gasses no doubt seals the back shoulder)
(No I am not an engineer. I have occasionally examined old guns. The worst firing pin hole damage was on an aluminum frame chiefs special that was being sold used in 1970 before the steel bushings were being put around the hole. Another was a stainless steel .357 that was elongated downward - I assume do to the spring under the firing pin pushing up on the back pointing front of firing pin slightly downward, or at bottom of its normal wobble).
I am not a gunsmith and I hope gunsmiths here, that have seen many more old guns than I, will give a more complete description.
Years ago, I have never seen a problem with a new or well maintained S&W revolver that had fired American made cartridges or careful reloads. So I prefer the old models in new condition.
Next best, for me, would be the old full length, frame mounted firing pin used in single shot shotguns or single shot pistols. Perhaps if I was still shooting .357 I would like the idea of the fired shell now rebounding against just the weight of the firing pin?
I am in favor of most new machining steps that keep costs down. And Alloys & Polimers that keep weight down. All my guns have or have had something trivial that I do not like. Usually the hand grips. I guess I am in favor of new firing pins that might make new hand loaders or cheap cartridges or primers safer?
Definitely safer to the reloaded who accidentally double charges a shell and blows the top off his revolver. Less gasses will come back through the firing pin hole.