The Lightning replicas from each of the makers are typically too tight out of the box for CAS and they all need work to run smoothly. The three shown here are (top to bottom) Pedersoli, Taurus, and Uberti, and while they appear to be close to the original Colt design, each maker has their unique internal workings that presents an array of advantages and disadvantages. (Look at little details like trigger design, one or two screws in the shell-guides / ejection plates, hammer shape, etc.)
The Taurus will slam-fire out of the box. The Uberti can be made to slam fire by a simple adjustment to the safety lever on the hammer. A lot has to be done to the Pedersoli to get it to slam fire. (I'm providing slam-fire info because folks are usually curious about it - but I don’t personally recommend slam firing a Lightning for CAS).
The Pedersoli features a foregrip release mechanism (“rocker arm”) that prevents the foregrip from coming back until the hammer strikes the firing pin (a very nice feature if you like to pull the rifle into your shoulder when aiming). The foregrip on the Taurus and Uberti can be pulled back and action opened while the rifle is cocked.
Uberti version is loaded with safeties that make the action stiff unless you remove some of the safeties. It also makes the action not as smooth to run as the Taurus or Pedersolil. A ball-check on the Uberti's carriage (slide) helps to keep the action in a fully closed / foregrip-forward position - but it also puts a lot of drag on the slide's movement.
The wood and stock's finish is good on the Pedersoli and Uberti and pretty poor on the Taurus (the stock and foregrips on the Pedersoli shown here are mine).
IMHO, the Pedersoli is the best overall made and best internal workings. The Uberti is second, and the Taurus is third.
The Taurus has a dust cover (as on the original 1884 Colt Lightnings), other versions do not.
Typically, the “.357" versions run better in .357 than they do with .38 SPEC cartridges (the 1.60” OAL is important for the .357 version). All three versions generally load and run better with .44-40, .38-40, and .45LC rounds (what the medium frame Colt Lightning was originally designed for) than they do with either the smaller diameter .357s or .38s.
For staying on point of aim, the 26” barrel versions - while heavier - are steadier than the 20” carbine versions.
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With some work, a bit of know-how, and attention to detail, these rifles can be made to run as fast and reliably as any lever gun. My favorite Lightning is a Pedersoli with an octogon 26” barrell in .45LC. I regularly shoot three matches a month - plus regionals, etc., - and very rarely have my Pedersoli misfunction on me. When a misfunction happens, it is me misfunctioning on the rifle!!
RR