I'll address S&W revolvers since that's all I own.
I will occasionally place a drop of oil on the ejector rod under the ejector star, at the cylinder-to-yoke interface, and on the ejector rod where it meets the yoke. Key word is a
drop- as the ad slogan goes, a little dab'll do ya.
Work the ejector rod and spin the cylinder a few times, then wipe off any visible excess.
IF I am removing the sideplate for some other reason, I will place a drop of oil on the bottom of the rebound slide and on the hammer and trigger pivot pins. However, I believe- as do numerous others- that S&W revolver lockwork was designed to work with minimal lubrication, and that excess oil will just attract dirt and eventually gum up the works. For that reason, I advise
against blindly squirting oil into the hammer recess, around the trigger, etc.
Also, any oil that goes into S&W revolver lockwork should be the kind that will
never dry up and leave varnish; IOW you should use high-quality synthetics and avoid cheap generic products like WD-40 or 3-in-One.