For Smith and Wesson revolvers:
1. Never, ever attempt to stone or polish the sear, sear nose, hammer nose, or full cock notch. You'll destroy the heat treatment. Don't ask me how I know.
2. To reduce the trigger pull, and smooth it out, first disassemble. Now, polish (use crocus cloth) the bottom and back side only of the rebound slide. Chuck a Q-tip into a 3/8" VSR drill, dip it in oil and rub it with JB compound. Now, polish the INSIDE of the rebound slide, running the drill at slow speed. Flush out with solvent, clean with Hoppe's.
Now, replace the rebound slide spring with a reduced power spring (Wolff's are the best, by far) available from Brownell's. For an added smoothness treatment, chuck the spring itself into the drill, and run at slow speed while holding a patch around it with oil and JB compound. Don't go too fast--and DEFINITELY don't build up any heat.
Replace the mainspring with a Power Custom mainspring (also available from Brownell's), and use an unaltered strain screw.
3. When reassembling, place a drop of good oil under the rebound slide, one drop into the rebound slide, a drop on the hammer and trigger boss, and one drop on the top of the rebound slide, where the shelf is that moves the hammer out of engagement.
To really go the extra mile, you can also polish the sides of the firing pin block.
Again, do not file, stone or polish ANY sear contact surfaces--especially the notch.