Never say never... and I've never worked in the gun repair or sales industry. But it's usually the report that any flame cutting HAPPENS... but only to a certain point and doesn't tend to go any further. There
may be evidence that flame cutting simply ruined/destroyed/ENDED a Smith & Wesson revolver, but I don't know where to look or who to ask to give me the backstory.
Of course, this is a forum full of enthusiasts with many experiences, so someone may appear to give me a dozen stories of exactly that!
To the
actual question posed by the OP, my answer is
NO, you won't hurt a late-80's S&W Model 686 by shooting 500 rounds of 110gr .357 Magnum ammo through it, even if you did it in one shooting session. (that would be long, tiring, and expensive.) Frankly, the difference between 500 rounds of .357 Mag/110gr done over four hours or over 14 months isn't likely going to be ANYTHING different.
Now, with all that said?
I simply love S&W revolvers from the 1980's. It's just because those were my formative years and my first two handguns ever were 80s era Smith & Wesson revolvers. If you have one that is MINTY or nearly so, it would mean enough to me (personally!) to just not put it through the ringer. And 500 rounds of 110gr .357 Magnum is a genuinely harsh environment. So, me being -ME-, I would opt for something else rather than my MINTY 80s-era 686.
For example, I bought a Model 28-2 last August for a good, low(ish) price and it's ugly as hell and it's been tinkered with and such. It doesn't carry a lot of "value" but it's a solid, enjoyable workhorse. Through
THAT tank, I would put 1,500 rounds of 110gr .357 Mag out of it, and I'd do it in one day. (but only if YOU are buying the ammo!
)