Often when the roll pins start walking out, it's because they've broken in two. The design allows for the gun to continue to function even if the pins are broken. I forgot exactly why they bust, but it's usually because of a large number of rounds and they fatigue. My first Sig P226 did the same thing, for the same reason (busted pin) and it had a few zillion rounds through it as well. It too was a police trade-in, and the slide to frame fit was as sloppy as an issue 1911. Not much finish left either, but it was cheap, and I wanted to see what the big deal about Sig was, so I bought it. Aside from the pin working out every couple hundred rounds, it shot better than any gun I had previously owned.
I sold it, when I ran across a cheap, newer P226 that had the "mud rail" cuts from the XM-9 competition. I still own that one.
Before anyone asks, the early P226's have "normal" frame rails, in that they are continuous. During the XM-9 competition, Sig added cut-outs to the rails to reduce the bering surface and give crap a place to go when firing. Sorta like sand cuts on a L1A1 bolt carrier. They got called "mud rails" and were placed into the standard production line for the P226. So odds are that most people with P226's already have them. I'll dig up the s/n cutt-off for the old rails. If you look at your rails and they have little half moon sections milled out, that's a mud rail.
Anyway, back to the pins; It's what breaks on P226's when you get up there in the round count. Sorta like wearing out tires on a car with high mileage. I think there's a round count you're actually supposed to replace the pins, springs, etc.
Ross