I've got a stainless 357 Blackhawk. It showed definate flame cutting after a couple thousand rounds of full house loads. It ultimately ended up cutting maybe .003"-.004" deep in the center, and stopped after that.
This gun has way more than 20,000 rounds through it now, and it doesn't show any signs of the cutting getting worse.
For what it's worth, the cyinder/barrel gap in my Blackhawk is a tight .003". From my experience, the wider that gap is, the more likely flame cutting is noticed, but I've never seen "any" revolver that suffered from it enough to hurt the gun.