Well, mh, I'm sorry that your first thought was to use the dremel on your Vaquero. There is quite a bit more to the story than you might think and taking down some good notes and photos might be of use to you now and in the future. If this is a brand new gun, I would want to exchange it, not play with it.
There are a lot of different NM Vaqueros. Differences are subtle. First, you have to get a rough idea of what protrusion is sufficient and for that revolver. Protrusion is one thing if measured on a gun with a fixed firing pin. But this one has an inertial firing pin and you can't check it with a feeler gauge. All you can do is make sure the f.p. has sufficient room to move when pressed all the way in. Rear gauge or headspace - if it is actually .0015" on this is way too small and the gun will bind up in no time. The cylinder just won't rotate smoothly. Add that to the list of troubles.
If your headspace is nearly 0, the firing pin isn't receiving a hit from the hammer/transfer bar. And that is where NM Vaqueros are coming up different. compare the 2 transfer bars in this photo. They are both from NM Vaqueros. Good plan on their part.
And the old part doesn't work in the newer hammer.
Doesn't look too good - not much strike against the transfer bar. Why, well because they have to juggle all the other things they tweaked like the cylinder detent and the quasi-reversing pawl experiment.
Here is a new gun. Look at how far away the hammer sits while at rest (trigger is not pulled....
Not my idea of correct. I had to use 2 hands to cock it - also not correct.
Instead of dealing with the problems associated with all the tweaking and parts variability I would be sure you have a working model in your hands before taking it home.
Carry_Up