Gee, you get really upset at someone who essentially agrees with you!
I think your getting the Wolff rod is a great idea; I just suggested you get several springs to go with it, as the piano wire springs fail much sooner than the rods. Too bad ISMI does not make springs for the S&W, as ISMI springs truly last a year or more.
There are only 4 IDPA match directors in OK, and if you're shot in any sanctioned IDPA matches in OK in the last dozen or so years, you're seen me. Or maybe in MO, TX, TN, KY. For USPSA, I don't travel so much.
As to equipment failure rates, I've always been interested and have followed the types of equipment and the problems associated with each. Considering the high number of rounds shot, the equipment durability and safety are remarkable.
However, I've never seen a sanctioned match without equipment failures of some kind, something either needing repair or a shooter going to a backup gun. If I had to pick an average number, I'd say close to 5% have some equipment issue, many of which are readily fixed.
At the 2008 OK state IDPA match, I lost a stage to a totally unexpected catastrophic gun failure, went to a backup gun, and lost my class by a whisker. S&W fixed the gun for free.
I detect a hint of attitude in your post that by buying the right parts, you will eliminate all chance of failure, and am just pointing out that a lot of experience by a lot of people indicates this is just not possible.
"If you've never had a gun break, you just haven't shot enough" is an old trite but true saying.
Good luck with your new gun and I hope to see you at the range!