Quoted:
You can find arguments on both sides of this question. Me? I just played it safe w/my M16 carriers, and ground back the bottom shoulder about 1/4 inch, so they can't rip an M16 auto sear any more.
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Just as a note. The Colt bolt carriers are hardend steel. That hardening doesn't go very deep into the metal, it's mostly the outside surfaces. When you grind back that 1/4" you are exposing unhardened steel.
Now, is this a problem? Not really, that surface doesn't come in contact with anything but the autosear (and not even that anymore) and you don't have one of those because you are all good kids. [:)]
I just purchased a milsurp Colt M16 Bolt Carrier & Bolt myself. I took it to a friend who does milling to have it milled back. Unfortunately the hardening is harder than the tooling, so I ended up dremmeling it back carefully. Turned out really nice, and I smoothed all the edges. After dremmelling was finished I polished the surfaces with Mother's Mag and Aluminum polish. I'm considering bluing it, but first I was going to research how that would hold up (haven't gotten around to it).
I purchased this item to help solve specific problems I was having though, if your rifle works fine, you might consider spending your $99 elsewhere.