The grips on my 29-2 have a gap, and when I fire it they get slightly askew. The screw isn’t loose, they are the factory grips to the gun. So the question is how to I go about correcting this?
i sold and traded away probably 10 SWs to acquire all my Marlins, i don' regret getting the Marlins but I offloaded some sweet revolvers. I won't sell another SW again. My primary concern was the pinhole that i fixed, i sanded he inside a bit and have a small gap a the front but nothing awful. I might, if i get bored enough, do some epoxy work to fill that gap but otherwise the will get in interior oiling where it was sanded, then a coat of Ren Wax and that'll be it. It's not like my 29 will be my woods walker, i got my 19 for that job.I would certainly consider adding a filler or shims to the pin holes to keep the stocks from rocking. But beyond that, I would be very careful modifying those stocks.
Consider that your factory stocks are presently unmolested and still functional. If you mess that up trying to make things perfect.... Well. it could get expensive.
Before you relieve any wood from the inside of the stocks, you need to figure out where the excess wood is. Is it in the cut out for the frame handle? Or are the stock faces not parallel to each other?
Do the faces of the stocks line up together when they are off the gun? If not, the inner surfaces of the stocks aren't flush. They would need to be sanded to even them up. Be very careful here not to take off too much or they could look worse than they do now--especially if one side ends up thicker than the other. Sanding will also remove any finish from the inside, making bare wood, and it will be obvious they were messed with. Not likely that you will be able to match the factory sealer as it is older than whatever you would then put on to cover the sanded wood.
At the risk of marking up the inside of the stocks, you could smoke the grip frame with a candle then put on the stocks. You will see soot where the grip frame touches the cutout. That's the area where you would relieve the cut out.
Other options...
Pachmayr grips--rubber $30-50 on EBay
Custom wooden (aftermarket) grips. starting about $50 and up
Used or new S&W stocks hoping they will fit better than the ones you have starting about $100 and up. Make sure the appearance of the stocks is proper for the manufacture date of your model 29. Walnut vs Goncalo Alves and proper checkering pattern and finish.
Personally, if it bothered me, I would use an aftermarket stock set for shooting and keep the factory wood unmolested. If you or anyone else ever wants or needs to sell your Model 29, the untouched factory stocks could make a difference of several hundred dollars.
But it's your handgun to do with as you wish.