If your smith opens up a 223 bolt head a standard extractor is all that is needed.

Sharp Shooters Supply use to make/sell a PPC extractor and to this day it causes a ton of confusion of what it was, and what its application was for. The PPC extractor was meant to be used with a .473 bolt head, with it longer design it would extract PPC cases on the larger than the PPC bolt head. This extractor was not designed for use with extraction problems associated with sloppy tolerances in the production bolt heads, or wild cat rounds that have issues. It was not to be used with an ejector.

Unless your doing a right bolt left port set up, I would recommend placing in an ejector. In paper punching sometimes speed is the ticket.