Are you sure the trigger is resetting fully forward? If it doesn't reset all the way it can lock the action up
On my SP-101 (March manufacture) the trigger stopped resetting fully after I dry fired it for 150 pulls or so. This was before I touched the internals at all. The trigger would stop about 1/8" from being reset. If you pulled it at that point it would start to turn just a fraction and then lock. I didn't try turning the cylinder but pulling lightly on the hammer would unlock the action.
Like yours, it was crazy rough on the DA pull and when resetting it made a loud obnoxious chirp like a grackle. After a lot of careful stoning and polishing it is pretty good now, but it still wouldn't reset when I tried an 8lb trigger return spring, I had to go back to the stock.
Among other things, the pawl had a really sharp rough spot on the outside just above the area that is machined at the foot. It was so small I didn't notice it the first time I went in and I don't like messing with the pawl except as a last resort but it was "ratcheting" against the inside of the frame. I even went so far as to stone the inside of the frame which helped some, then I noticed the bur on the pawl.
All in all it's fairly smooth now, but there is such a "hump" where the trigger plunger has to ride up over the cylinder stop cam (even after polishing as much as I dare) that with an 8lb return spring it hangs there almost every time. With the stock ten pound spring it works fine now. I'd really like to be able to take two pounds off the pull but on a carry gun reliability trumps easy.
I'm torn about the SP-101. I really like the design even if it's not as smooth as an S&W. It's very rugged for a small revolver. It's very easy to work on. If only they would do the fitting at the factory that used to be done. I guess these days I just have to be happy that it is easy to work on and thus easy to do those things the factory used to do.
On the plus side...the lockup is extremely tight and with almost no BC gap when locked. Since that's the one thing that's the most difficult area to improve without special tools (and the skills to use them) I guess I should be thankful that it is so good.