I bought my 696 for $439 and my 296 for $349 - both new - nearly six years ago and on the same day. The 296 didn't get much carry due to the necessary OWB pancake holster. Nearly two years ago, I got Robert Mika to make me a pocket holster for my 296 - and a 642. The 296 thus holstered could be carried in about 75% of my pants' pockets - a 642 holster had also been ordered, so a 642 purchase followed - and is a carry piece 25+% of the time. Below are both revolvers holstered - and their ammo.
The 296 & 396 both state 200gr on the RH full lug side 'MAX BULLET 200 GRAIN'. The 296s and early 396s would suffer from lead splatter and high pressure/hot gas cutting of the light alloy topstrap, so light/fast loads and lead in general should be avoided. Later 396s - and .357 Magnum AirLites - have a small piece of SS inset in the topstrap over the b/c gap to lessen topstrap erosion. Mine saw a steady diet of the $12.88/50 Al-cased Blazers with that excellent Speer #4427 200gr Gold Dot, optimized for proper opening in gelatin at 800 fps. That ended, admittedly after at least 1200 rounds in the 296, when one split it's case in my 696. I switched to homebrews and Georgia Arms loads (Fresh Starline brass cases!) with that same Speer #4427 bullet - round count now over 2.2k. The three ammos tried chrono-ed 803-805 fps from the 2.5" barrel.
S&W warned me against short case, ie, .44 Russian, and any lead use in the 296's Ti chambers. I had to try well crimped 240gr LSWCs - at 770 fps. Checking the crimps each time, the last one to fire, ie, #5, had pulled it's crimp. Had it been a six shooter, it'd have jammed. Valid warning!
Look at the cast-in-place cylinder stop, which the the cylinder's edge bears on when released, swung out, and the ejector rod is pushed. A hard 'Hollywood' rap of the ejector could easily pare away said stop, dumping said cylinder, if you are lucky, into your hand. Check the stop for wear evidence - bright and shiney Al edge. Also check the cylinder's chamber exits for squareness and lack of evidence of tuff cleaning there. This is my only revolver with chamber exit 'rings'. The Ti is persnicketty... this is my only Ti cylinder.
I'll likely not sell my L-frame .44 Specials - especially the 296. It is more fun to shoot - okay, less painful - with UM's Combats. Those OEM boots make it a CCW, of course - it's true function.
Stainz