Most factory Colts are timed to drop the bolt somewhere midway between the notches, like the S&W. This causes dimples and unsightly gouges in the cylinder. The timing should be such as to drop the bolt into the cylinder leade (that pointed cut just ahead of the notch itself). At the same time, the bolt spring should be trimmed to reduce its tension; the spring was "feathered" on the old guns, but that was extra work and was dropped when Colt went to stamped out springs many years ago.
The S&W, BTW, is designed to have its cylinder stop drop midway between notches; its spring is light enough that, while the blue is removed, there is no cutting into the cylinder.
Jim