A "new model 4053", or a new-to-you but used 4053 (which predates the 4053TSW)?
Rather than wonder about it, why not take it to a gunsmith who is familiar with S&W 3rd gen pistols and have it checked out?
Or call S&W and ask for it to be examined?
It's not possible to accurately diagnose problems online. Not having the gun available for examination, or being able to watch the shooter use the gun when 'problems' occur, as well as see the ammunition being used, makes discussing 'problems' - as well as their probable causes and appropriate corrective actions - pretty much an exercise in speculation.
Mechanically, Failures-to-extract (double feeds) can be caused by a damaged extractor, a damaged or weakened extractor spring or a damaged or weakened recoil spring ... or a combination of the above.
A dirty chamber and/or dirty ammunition (or ammunition of questionable spec or quality) can also potentially be related, at least to some degree, to some observed extraction issues.
Failures-to-eject can be caused by a damaged or broken ejector.
And yes, there's the grip stability consideration that can rear its ugly head, even with metal-framed pistols (often called "limp-wristing").
S&W recommends that recoil & mag springs are replaced either every 5,000 rounds fired or every 5 years. How old are the springs in the gun?
Are you shooting fresh factory ammunition made by one of the major American companies? Are you shooting the original 180gr JHP loading or one of the hotter loaded lighter bullet weight loads?
How experienced are you in shooting pistols (especially a compact model) chambered in .40 S&W?
A good gunsmith can be downright helpful in diagnosing perplexing functioning issues with a gun ... although sometimes it can also save time in identifying potential causes if the person experiencing the problem can be observed shooting the gun by an instructor, armorer or gunsmith.
Just my thoughts.
As a S&W trained armorer I've had to replace my fair share of extractors, extractor springs and ejectors in older S&W pistols.