Since there are many manufacturers of #10 lock washers (and they will compress depending upon the pressure exerted upon them), I don't know how that would be a good way to accurately "fix" the arbor/arbor recess problem.
That will work, except if you are like me and like to swap barrels [of different lengths/designs (part round/part octagon, octagon)], the recesses can vary. I also am not in favor of that because it is pretty much "permanent" and some folks don't want a revolver that has been altered from the original factory specs.
I use .002" shim washers with an OD that just slips into the arbor recess bore. Determine the number of washers needed to correct the situation, stack them on a vertical round toothpick through the washer hole(s) and use a drop or two of Superglue to secure them. When dry, turn the assembly upside down and add another drop of glue. When dry, trim the protruding toothpick ends from the stack flush. You now have a one part unit instead of loose washers to keep track of when disassembling the revolver. A possible future buyer of the revolver will never know the difference insofar as inspecting the arbor end. If you have a spare barrel or two for that revolver, create a stack unit for each barrel and keep it with that barrel.
American Made Shims - Superior Washer & Gasket Corp
Regards,
Jim