Grapeshot. If you remove the cylinder, does the action perform correctly? If it does, then that means the new hand is too long and is engaging the ratchet rim, not just the ratchet spurs. Simple but time consuming fix (file a bit, put back together and check
, repeat as necessary). Best way to do this is to remove the main spring, backstrap and trigger guard. Leave the trigger/bolt spring in place and drop the hammer and hand out the rear of the receiver to do your adjustments. When you reinstall the hammer and hand you'll have to hold the bolt leg slightly away form the hammer or it will bind. When replacing the cylinder to check your work, make sure and have the hammer at 1/2 cock so that you don't force it over an extended bolt lock. When it seems that everything is moving properly, replace the barrel and try it again.
Finally, if removing the cylinder doesn't allow the gun to function properly, the bolt leg is on the wrong side of the hammer cam, remove and reset, work the hammer to make sure it's functioning properly before buttoning everything up again..