Tristar will tell owners of the hunting guns (which includes the Setter, Hunter, other) that they are not designed for high shot count. In my conversation with them it was suggested that a firing pin would last for about 1000 shots before some type of failure.
This is my first post and I will keep this short and try and post an image to help.
List of issues:
1) Firing pins metallurgy is incorrect:
Using soft steel does help keep the pins from breaking into pieces but it promotes rapid firing pin distortion. The distortion of the pin causes light strikes or no fires. In my experience the top firing pin will last longer than the bottom pin, reason for this to follow.
2) The firing pins use a slot and retainer pin to keep the firing pin in the proper position. The firing pin enters the receiver at a 12 degree angle due to the need to have the back of the firing pin align to the hammer. The top pin has a 12 degree slot angle matching this angle. The bottom firing pin the slot angle is zero degrees therefore the retaining pin only touches the slot at one point. This results in very high pressure on the firing pin slot. A burr more quickly develops which slows the pin down to a point that it will not reliably hit with enough force to set the primer off. This issue also occurs in the top firing pin, but since the slot has a matching retaining pin angle the effect is much slower.
3) The Metallurgy of the firing pins varies. To such a degree that (as others have noted) firing pins may have a light strike in just a few shots.
4) The hammer combined with the compression springs create an excessively high force on the firing pin. Using Newton's second and third law the firing pin will bounce back from hitting the primer with practically the same energy as when it hit the primer. Hence the damage to the firing pin slots is from the firing pin hitting the retainer pin during the bounce back. Reducing this energy to what is needed would lengthen the life of the firing pin and also reduce the trigger pull force.
5) The retaining pin is not fully in the path of the firing pin slot. This reduces the area of pin to pin contact which increases the distortion generating pressure on the firing pin. A larger pin would also increase the firing pin life.
I suggested to Tristar that firing pin distortion in the slot area means the pin is not designed correctly. They have been dealing with this issue for nearly ten years, and are quick to say there is no improved firing pins available.
In summary, I agree that the Setter S/T is a hunting gun and will last for a thousand rounds or more (or less) depending on the metallurgy of the pins in each gun built or repair parts installed. I have made a drawing of the firing pins and have sent it out to have some new ones made using "better steel". I will likely eliminate the slot switching to the slot-less design that so many other O/U shotguns use. This would result in a simpler design that can be made on one machine.