Yes, I have one, a 700 DG 375HH magnum XP. The firing pin comes not quite flush and protected by the shroud when cocked and does NOT protrude. I suggest yours may needs looking at? Was the bolt ever disassembled? And here I am talking to a gun smith, heh.Show me.
Model 7 and the M600 series has long shrouds. Has anybody got a M700 that looks different than this one?
The cocking piece, which is pinned tightly to the firing pin is protruding .056 without even a trigger in the action. It never goes below the level of the shroud. Neither did the new M700ML pictured on their web page.
Where is the confusion? It IS important!