I have two 3-screw, pre-tranfer bar Rugers, .357 magnum & .41 magnum Blackhawks. They have three hammer positions.
1. Half cock. The trigger will not release hammer but the cylinder is unlocked and will spin. This position is used for unloading and loading.
2. Full cock. The cylinder is indexed and locked. The trigger will release the hammer. BANG!
2. 'Safety.' The hammer can be retracted about 1/8"-1/4" away from contact with the firing pin. The trigger locks and not release the hammer, and the cylinder is indexed and locked.
To set the gun in thsi 'safety' position, the hammer must be
gently lowered all the way down and then retracted until it clicks into 'safety.' As a clue that the hammer is in this position, the trigger moves forward from the 'fire' position and locks.
It is not a 'fool proof' design by any means. It is easy to retract too far, to the half-cock position instead. With practice, it gets easier... It's best to practice this unloaded.
When the hammer is in 'safety' it would take a very heavy blow on the hammer, enough to break the tab or bend the hammer, to fire a cartridge in this position. Without bending or breaking the hammer, though, the hammer will not contact the firing pin.
Thus, the gun was designed to be carried with 6 cartridges in the cylinder and the hammer in this 'safe' position with little to no chance of an accidental discharge. It might not pass the drop-it-onto-concrete-so-it hits-the-hammer test, though.
Ruger's transfer bar system requires no operator skill or knowledge to use, and is a simple, effective and elegant design that improves safety without changing the guns' appearance.