For some years, people thought the S&W hammer block made the DA trigger pull rougher (not true), so they removed it. If you buy a used gun of any kind, make sure all the safety devices are working. Today there is a fad of removing magazine safeties, again usually on the excuse that to do so improves trigger pull. Use your own judgement, but replace the safety before you sell the gun.
The very old S&W's depended on the rebound slide only, as the Colts depended on the rebound lever to provide safety against a dropped gun. But if the gun is dropped far enough or on a hard surface, the hammer pivot may break or shear, or the hammer deform, so that the hammer nose can contact the primer. The S&W hammer block and Colt's positive safety function to prevent firing even under that extreme condition.
BTW, the old timers did not carry the SAA and similar guns with an empty chamber; they dropped the firing pin between rounds, just like on the percussion revolvers most were familiar with. (This is NOT as safe as the empty chamber, and I do NOT recommend it for modern carry, nor do I recommend a SAA for that purpose.)
Jim