the most common "action slicking" trick that deals with the 10/22 and it's bolt is actually a very mild reradiusing of a certain area of the rear or bottom of the bolt where it cams against the hammer. mainly this is done so as to reshape a newer production bolt to the radius found on the older/original spec bolts.
the newer specification has a slightly sharper angle on the surface that first contacts the hammer than the older design. the sharper angle pushes the hammer to the cocked position faster, resulting in more force being needed for the action to cycle/cock the hammer. changing that radius/angle to the older style results in a slower transition to the cocked position, force is spread out over a longer period making the action smoother in function.
that said, i'm with the "File+inexperience= possibly ruined gun" crowd. but then again MY 10/22 is between 30 and 40 years old (older than me, and i'm 30) has the old style bolt
so i don't have a need for the operation. I've owned newer 10/22 and the difference IS noticable.
remember as well that the receiver on a 10/22 is aluminum (but not the 10/22Mag, that's steel) and over polishing with a power tool CAN wear through the anodizing, leaving you with soft spots etc. mildly lapping the bolt and receiver with say J&B or similar might help, but grease (or Rockstar's moly trick) and 1K rounds downrange would probably be as good or better.
ok time for me to stop blabbering.
My suggestions,
don't grind anything yet, if ever.
buy and in stall a "10/22 LR performance package" upgrade kit from
weaponkraft this kit includes a recoil buffer/bolt stop replacement, a sockethead takedown screw + t-handle wrench to fit, and a Volquartsen exact edge extractor kit (extractor and spring)
Grease or moly the mating surfaces between the bolt and receiver
Then shoot two 550rd bricks through it and see how it feels after that.
the buffer reduces impact shock between bolt and receiver, and slightly lengthens the recoil stroke improving reliability of ejection and feeding. the volquartsen extractor of course improves extraction.
the socket head takedown screw and matching T-handle allows for more consistent tightening of the screw without risk of buggering up the screw or the stock.
best thing is the kit's only about $28+ whatever the shipping is.