I actually suggested bobbing the hammer OR converting it to DAO, which is a more expensive job. At a time years ago when I couldn't afford a Smith J-frame, for a while I carried a clone, a Rossi 87. Pretty satisfactory little gun--not the equal of a Model 60, but not bad at all. I had a smith bob the hammer, and it never failed to fire. No light strikes, no problems. The gunsmith who did the work told me that it was his experience that light strikes from bobbed hammers were more likely in Colt snubbies than Smiths or their copies.
As for being able to take shots out to 40 feet, I see the point; but it looks to me as if shooting an assailant that far away might be hard to defend in court as self-defense unless he was actually firing at me at the time. Just a thought.