Ohihunter2014, I think there may be a clue in your original post which I did not notice initially. Of course, it is difficult to diagnose these problems without having the gun in hand, but here are my thoughts.
You stated that the firing pin dents looked very small on the rounds which fired as well as on the round which misfired. The small dents on the fired rounds are unusual, and they may be a clue. Usually fired rounds show a substantial firing pin indent even if they were not hit hard. This effect occurs because when the round fires, the case presses back against the firing pin and the breach face with the full chamber pressure of the round. So the firing pin indent on fired rounds usually looks pretty large even if the strike really had just barely enough strength to ignite the round.
So I am wondering if the firing pin protrusion is at minimum spec and has always been just barely strong enough to work properly. In the past, S&W has made some short firing pins, so this is a possible problem.
On guns with a frame mount firing ping like the 642, it is easy to check the specs for the firing pin if you are comfortable opening the sideplate and you own a good set of calipers. Just take out the firing pin and check its overall length. The ideal length for S&W factory firing pins .495. If it is under .492, then replace it. The new factory firing pins I have bought in the last few years have been about .494 and are fine.
Regarding the changed grips, I think it is unlikely that the hogue grips are the cause of the problem; they are widely used, and their design makes them unlikely to interfere with the mainspring. However, I could not rule out that any recent change could be the cause of the issue. If the problem persists, you could put the previous grips back.
I might also suggest getting some commercial Remington UMC 38 special ammo to use for testing. The Remington primers are a bit harder than the primers in some other brands of 38 special. If a gun is reliable with UMC rounds, it usually does not have problems.
I also want to respond to a previous poster who suggested that double action only J-frames are generally prone to light strikes. I would vigorously disagree. I have only found J-frames to be unreliable if they have been messed with or are out of spec. J-frame revolvers which are in good shape will dependably ignite any ammo. I consider a revolver which is not reliable in double action to be a paperweight, and my J-frames are not paperweights.
Good luck on resolving your issue.