The fluting has the side effect of venting exhaust gas around the piston the firing pin forms within the breech block. It relieves some of the pressure that leads to catastrophic failure.
Here's a discussion over at Jan Still's forum:
http://luger.gunboards.com/showthrea...ed-Firing-Pin!
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 Igitur si vis pacem, para bellum -
- Therefore if you want peace, prepare for war.
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