ALL this is purely personal preference.
Grips: It's tough to beat Hogue's rubber Mono-Grip. It seems to "feel" better than any other to most shooters, and offers an excellent grip even with sweaty hands.
Sights: Either the standard sights, or replace the rear with a Millet unit.
Some people have the barrel rib milled for a pinned-in front sight, and put a plain black Patridge blade in.
If you do, be careful on holster choice to insure the sharp sight doesn't cut the holster and get obscuring globs of leather stuck on the blade.
Action job: Most people think lighter is better, but the exact opposite is true.
A lighter trigger pull actually slows you down.
A lighter trigger pull means the hammer drop is SLOWER. This means a reduced lock time.
Plus, with a lighter hammer drop, primer ignition can be compromised and you get mis-fires.
Most smart shooters pretty well keep the stock factory springs, and instead have a real pro do an action SMOOTHING job.
The intent is to give the absolutely smoothest trigger pull possible.
An excellent source of an action smoothing job is the S&W Performance Center who offer absolutely top quality work at good prices and fast turn-around.
Replacement parts: None really needed.
You get more "bang for your buck" by doing things like having the trigger rounded off and polished so there are no sharp edges, having the chamber mouths LIGHTLY beveled to speed reloads, and possibly having some of the sharper exterior edges and corners rounded off slightly.
Bottom line: There's really no difference between a good IDPA revolver, and the revolver you carry concealed day in and day out.
A really good defense revolver usually makes a really good Match gun, and vise versa.
In that regard, the "Less is More" and "KISS principle: Keep It Simple Stupid" principles hold very true.
The more modified and altered a revolver is, the less reliable and "practical" it is.
MOST revolver modifications are done for cosmetic reasons and to customize the gun to make it "Yours".
These modifications seldom really increase the usability or function of the revolver, and often actually degrade it.