I bought a 3rd Model Dragoon about a year ago. It was my second open-top Colt repro revolver after a Pietta 1851 Navy.
The Pietta had some minor fit and finish issues, but I got it new for cheap. The wedge and arbor slot and flash gap had no issues. Tapping the wedge in more or less had no effect on the flash gap between the barrel and cylinder.
And it should not.
You should never drive that wedge in more than snug to avoid enlarging the wedge slot or boogering the wedge anyway. It is not necessary.
I use a 6 ounce soft-face hammer with one rubber face and one soft yellow plastic face, and a wedged hickory handle. (Vaughan SF-6 soft-face hammer) It is the perfect gunsmith soft-face hammer IMHO. Anyway, I choke up on the handle and just gently tap with the yellow soft plastic face to seat the wedge.
However, the Uberti Dragoon, while beautiful in fit and finish, DID have a problem with the wedge affecting the flash gap spacing. Tap it in less and no problem. Tap it in more and it would lock up the cylinder. Not good. I put up with it for a year but it annoyed me.
Visualizing the problem and wondering why the Pietta 1851 was fine while it's big brother Uberti 1848 Dragoon was not did not produce an answer, so I researched it on the internet.
An old hand with open-top Uberti Colt repros stated that they have a habit of producing some open-top guns with a too-short arbor or a too-deep arbor hole in the barrel, depending on how you look at it. He stated that you can confirm this by dropping a tiny washer down the arbor hole and seeing if it affects or solves the problem.
I used a brass washer which was slightly smaller than the arbor diameter at the end, and the problem WAS solved. (.036" thick) (You should be sure that you can get it out again if it is not the correct thickness, so look in the hole with a flashlight for burrs, and oil it well first.
You might need to file your washer to a different thickness or find a thicker one. And you may need to carefully stone the end of the barrel afterward with slip stones to adjust the flash gap a tiny bit. Then after polishing it smooth a bit, you can cold blue it and oil it.
I would do nothing however until you shoot it 50 shots or so after the washer is inserted, especially if the revolver has few or no shots fired.
Then reevaluate the situation and think hard about it before you do it.
And if you are not comfortable with doing this work, or you do not want to risk your warranty being voided (if applicable), then don't do it.
Exercise your warranty rights or find a black powder revolver specialist gunsmith and turn it over to him.
Last edited by saddlegun; 05/12/21.