When you say the revolver doesn't appear to lock up right, have you tried to see if it locks and aligns just as the hammer begins to fall? I don't know anything about H&R pistols, but I thought the same thing about an uncle's old 1930's Colt revolver. I took it to a good pistol smith to see if anything could be done and he showed me how it really worked and why there was nothing wrong with it.
My thought is that there may be nothing wrong as long as it was not shot a whole lot. If you do shoot it, avoid any +P loads, as the old guns where not built for them.
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