I've noticed that some posters don't like the rebounding hammer on newer 94's. Is it simply because the half-cock position is eliminated or is there something else unsatisfactory about this sort of hammer? I only have the one lever gun and the only other exposed hammers I see on a regular basis are on my Blackhawks (no half-cock hammer position, either) and a SIG P220 (which you could describe as having a rebounding hammer, though I have not compared them to see if they operate similarly...).

Am I missing out on something? I agree that half-cocked is a good method for a loaded chamber (worked for my .303 Enfield: it locked the bolt up just like having the safety on, but seemed less likely to be brushed to the "off" position) but the function of the rebounding hammer reminds me of my SIG, and "Brother SIG" has been a reliable companion for quite a while. Of course, neither of these are lever action rifles, which brings me back to the question: is there something mechanically inferior in the rebounding hammer or is it largely a matter of shooter's preference?

just saw the issue in the general section and my curiosity is satified, I should have expanded my search before posting.

I believe it to be largely a matter of shooter's preference.
I can take them or leave 'em but, I never did use half-cock as a safety anyway. As far as being mechanically inferior, no, you won't be able to put as nice a trigger job on the rebounding hammer, but they can be slicked up fairly nicely.

Thanks for the reply, and for your answer to my question on the pre-64 thread. The hammer is drilled and tapped, so it is one of the more common transitional rifles (rebounding hammer, no safety) but it is ok, I bought it as a shooter. It is not really a long range piece, either; so I do not think not having a target trigger will be an issue. I do think I will look at a peep or ghost ring sight.

You're welcome sir.
All of the '86 thru '92 Winchesters I've personally handled have been of very good quality and if you go with a peep sight, you may be surprised at the accuracy the little trappers can deliver.