It is a very fine action, "slick" would be a good word to describe it.
I used to hang out on the Smith & Wesson forum, and the term that is used for Colt's there is "off brand". Guy's would do a post saying: Hey, I got a nice off-brand! And then have a picture of a nickle plated Python that you knew they must have paid $2000. for. I always found that a cute term, and have taken to referring to Colt's as "off-brands" ever since.
For me they are. I have several S&W revolvers in various frame sizes and configurations, and one Ruger Blackhawk, but no Colt wheel guns.
My favorite "off-brand" revolver: the Colt Anaconda 6".
They don't make these anymore, or I'd probably have one.
I think Smith & Wesson's function great, and are lovely when appointed correctly. I may be influenced by Jerry Miculek, who explains why he prefers S&W on a few videos. (Yes, he's sponsored by them.)
But, I have to give Colt their due, they made the best looking double action revolvers ever, and they had some of the nicest finishes on their guns, too. The high-polish Stainless (that they put on some Anacondas and even some 1911s in the 1980s) was incredible.
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