The reason the ejector rod is tight on the S&W revolvers is because it is the forward lockup point for the cylinder.
The Ruger design locks the front of the crane directly to the frame which means that the ejector rod doesn't need to be tight.
In fact, it's not really the ejector rod at all, if you look at the way the cylinder assembly goes together it should really be called the ejector rod extension.
To work, it needs to operate the actual ejector rod (the part that actually connects to the star) but not get in the way of the forward locking mechanism. Since the forward locking mechanism is actuated by the actual ejector rod, you can see why this means that there must be some looseness and play in the "ejector rod extension". i.e. it must reliably operate the ejector rod (to eject) while at the same time not getting in the way of the ejector rod (when it is actuating and releasing the cylinder locking mechanism.)
Personal preference is a perfectly valid reason to get rid of a gun. If you don't like a part to wiggle then the GP100, SP101, and Super Redhawk aren't the guns for you.
On the other hand, if you think that the loose part is automatically evidence of low quality or poor function, in this case, at least, you are mistaken.