All of the manufacturers are going to test fire their weapons before they leave the factory. It may be that the folks at Smith are actually making an attempt to get them reasonably close to zeroed. I would suggest actually shooting on a range before I adjusted anything.
Basilhayden,
When you do decide to get combat sights, I recommend installing the front sight and visually centering it. Apply LocTite 262 to insure that it will stay in place. Then install and visually center the rear sight but DO NOT apply LocTite yet. Take her out to the range and shoot a group at your preferred zeroing distance. I like 25 yards. Once you have the pistol zeroed, apply LocTite around the sight and give it about two minutes. LocTite 262 wicks and creeps very well, so it will get into the sight where it needs to be. After a couple of minutes, wipe off any excess, and let the pistol sit for at least an hour so that the LocTite can set up. That should get you taken care of.
Joe