I haven't tried it, but I think an older trigger would work. A hammer could be a problem because in the older pre-MIM guns the firing pin was mounted on the hammer. In the new ones it's mounted in the frame. It is possible that the P.C. might have a special run of older-style hammers without the firing pin cut. If you're interested, contact S&W and see.
In my personal opinion, I think the MIM parts cheapen what was a high quality gun, but that's what cost-cutting is all about. In their favor, they do seem to be function in the short term. As for the long term, only time will tell.
It just occured to me! Maybe all they do is mount a block in place of the firing pin (S&W calls it the "hammer nose") in an older hammer. If so, I don't find the idea to be particularly attractive, but it would work.