Hickstick, I'm just thinking this in my head, so it's hardly an engineering proof, but bear with me.
Looking at the revolver, it seems to me that the force exerted on the wedge is more linear than axial, although since the wedge is below the barrel and the barrel assembly to arbor fit isn't perfect, there will be some axial force.
The force that is transmitted down the barrel from the exiting ball and gasses certainly act upon the wedge, but the axis for the torque that is generated is the shooter's wrist far more than the wedge.
Now, there is also the question of the barrel to arbor fit, since a loose fit could cause the barrel assembly to pivot about the barrel/frame interface which would, over time, cause wear in the wedge area. On my revolver, the arbor fits the barrel pretty well and the arbor itself is pretty doggone massive (relatively speaking).
The weak link, it seems to me, is not the wedge, but, rather, the person holding the gun. The force down the barrel is linear. The force on the shooter is axial about the wrist. Now, if the revolver was held in a rigid frame, then I think things would be different and you would start seeing accelerated wear in areas like the wedge and maybe the base of the arbor - the forces acting on the gun would be different.
It's also possible that I'm completely out to lunch. This is why they keep us electrical engineers across the hallway from the mechanical engineers.