I tried this idea on a regulated PCP today, and it went very well.... The gun was my QB79 Ninja, regulated at 1200 psi, that shoots 25 FPE with 15.9 gr. JSB Exacts.... I used two 1.75" x 0.040" springs on a 7/32" guide, giving a total spring length of 3.4" and a rate of about 7 lb/in.... I tried three different amounts of preload, 0.70", 0.80", and 0.90", and adjusted the position of the end of the guide from 1 turn of compression against the hammer to 3 turns of gap (24 TPI), so the total range of adjustment in position was 0.167".... Here is what happened....
You can see that the maximum velocity this gun can reach is ~850 fps with these pellets.... As I increased the preload, the velocity at any given gap between the end of the guide and hammer increased, as expected.... For instance, with 2 turns of gap (0.084"), the velocity with 0.70" of preload in the spring was 760 fps, with 0.80" of preload it was 790 fps, and with 0.90" of preload it was 820 fps.... With the guide just touching the inside of the hammer, the velocities were 836, 840, and 845 fps.... and with the guide pushing on the hammer (actual preload on the hammer at rest), the velocity was within 2 fps with all preloads, about 847 fps....
The interesting part of the graph above, is the efficiency curves (the dotted lines).... With the guide pushing on the hammer, the efficiency was horrible, about 0.55 FPE/CI.... I think what is happening is that the large amount of preload is slowing the closing of the valve, and causing what amounts to a dump shot.... Once the guide is clear of the hammer, however, the efficiency is greatly improved.... With it just touching, it is 1.15 FPE/CI, which is about the same as I used to get on the knee of the curve with the original setup.... As soon as there is a gap, and it doesn't need to be much, just 1 turn (0.042"), the efficiency is great, between 1.27 - 1.32 FPE/CI at all preloads.... The efficiency at any given velocity is slightly better with more preload, which to get that same velocity requires more gap between the hammer and the guide....
I ended up using the 0.90" preload and 1/2 turn of gap (just 0.020") between the end of the guide and the inside of the hammer.... This gave me 843 fps (25.1 FPE) at an efficiency of 1.27 FPE/CI, which is better than I had with the original setup.... The ES, at 10 fps over a 20 shot string, is a bit better, and the SD is definitely better than before, with by far the majority of shots being within about 4-5 fps, with only the occasional high or low shot.... possibly due to differences in individual pellet weight or fit.... All in all, I am very pleased with the results.... It would appear that this setup does, indeed eliminate hammer bounce.... I think the efficiency graph, being so flat once there is a gap, proves that point....
Bob