It depends on the revolver model brand, age, and yes, the degree of problem you have with it.
You described a worn sear notch/hammer notch problem. It can be either the sear notch is worn or damaged to the point that you have to re-shape them by stoning.
Older Colt revolvers will require re-timing when you work on the sears. Other parts (ratchet, hand, bolt, etc) are likely to be worn too.
Some revolvers (notably S&W and the older Colt's) used case-hardened sear and hammers, and stoning or wear will necessitate re-casehardening to do the repair.
If the revolver is a modern Colt (MKIII) or Ruger, the parts are hardened alloy steel throughout, and you can stone on them directly without re-heat treatment.
HTH