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I have the pleasure of owning three Colt Pythons and two SW Model 27s. Out of the box, the Pythons have a nicer action. That makes sense considering how much hand work was involved. For that same reason, however, there may be more variation. Two of mine are silky smooth. The third is nice but not AS nice. BTW, I have two other Colts using the same action that are the smoothest revolvers I've ever shot.
I like the balance of the Model 27 better -- centered more toward the rear due to the heavy frame rather than forward like the Python due to the vent rib on the barrel. The downside for me on the 27 is that I have to use replacement grips due to the large size of the grip frame. I actually prefer my SW Model 19s for shooting though not quite as nicely finished.
Strictly opinion but I think there is no more beautiful finish than the finish on a blued Python. I also like Colt's nickel finish on the Python better than SW's nickel finishes.
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