The issue you are having is the bolt is coming out of battery prematurely while chamber pressure is still high. Hence, the blow out.
The heavy bolt handle and/or heavy bolt is supposed to keep the action closed until pressure levels drop.
I have Majestic Arms .17 HM2 installed with the stock bolt and Power Custom heavy bolt handle. I haven't had a blowout yet, but I have seen some bulged cases, so my setup is borderline. I think another 1/8 oz. of weight on the bolt or bolt handle would fix the problem.
My real issue are failure to extracts, probably due to the stock extractor, so I have Volquartsen extractor and spring kit waiting for me to install.
So far I can get dime sized groups at 50 yards and quarter sized ones at 100, as long as the wind isn't blowing.