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17-4 annealed is not gummy unless you're tooling or techniques suck. It machines cleaner than just about any other annealed martensitic or PH grades. As for dimensional changes from heat treatment, 17-4 is extremely stable and the heat treat temp is low. You'll have more trouble with H1150 annealing and then treating to H900. If you don't like dealing with it condition A but want H900, then treat it to H900 first; 17-4 never get's especially hard, still quite easy to work in H900 condition, much gentler on tooling than most tempered 400 series will be.
On tolerances, I wouldn't call solvent trap baffles especially tight. Most of the specs I've ever seen for the tube IDs are ±.003, and the cones are .005" under specified tube ID with tolerance in the neighborhood of ±.002" to +0/-.005. That means you could have anything from a beat-it-together fit to >.010" diametral clearance. .005" is ideal for most purposes, will provide good alignment without having to force baffles in or out of the tube.
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Fair enough, I guess I'm spoiled with other materials and honestly not much of a machinist. I find 17-4 Cond.A as gummy as 304 stainless, but since I mainly cut H1150 when I do work with 17-4, I've never looked into it much.
Agreed on just using H900 if that's the end goal; for me, H1150 is my preference, so that's what I use for stock.
As far as tolerances, the dimensional changes of 17-4 are what I had in mind, not the baffle clearances or similar. More that if you were to machine baffles from 17-4 and then heat treat them, warping may prove to be an issue (depending on design/caliber/etc.)... but, as you rightly point out, it likely wouldn't be an issue with such relatively loose tolerances.
I'd still just machine it in the desired condition. Same price stock, really.