Since this thread has come back from the dead
let me add that the New Vaquero I bought after I posted above (in '04) didn't need a new base pin. The gun was tight'n'right as is. I did do a spring kit and while I was at it added the stronger latch spring that came with the kit.
Did I need it?
No idea, but since jumping the latch is something you do NOT want even once if you can avoid it, the spring mod doesn't hurt anything.
(Guys: some modifications are a trade-off, sacrificing "x" for "y". Others aren't. Stiffer latch pin springs fall under "aren't" and are free with a mainspring/triggerspring kit.)
One more thing I've since learned about BM base pins: every once in a while, they *hurt* accuracy.
This happens when a gun's basic alignment between cylinder and barrel is screwed up from the factory - what we call a "bad monday gun". Everything is still "in spec" but in all the wrong directions. Stock, the base pin was allowing enough slop for the gun to align itself on firing. With the BM pin, the barrel and cylinder were being held more tightly in an out-of-alignment state. Bullets were being distorted hitting the barrel at a cockeyed angle.
So:
WARNING: AFTER INSTALLING A BELT MOUNTAIN PIN, RUN "THE CHECKOUT" TO MAKE SURE BARREL/CYLINDER ALIGNMENT AT FULL LOCKUP IS STILL GOOD.
M'kay?
Understand: this isn't BM's fault and it's not at ALL common. But bad Rugers do ship. Per Linebaugh and others, a gun this bad can only be truly made well with a custom cylinder with chambers aligned to that particular cockeyed frame. At that point, the gun will shoot very well unless something really odd is going on (barrel not straight with the frame or something).