The mag release is just an external button and has almost nothing to do with magazine fit unless the mag catch spring is dead or the mag catch is too far out. The magazine catch is what holds the magazine in place. You can screw in your mag catch a couple more revolutions and see if the tighter fit helps with your loose mag fit. See the how to link here: LINK
I've been running ODIN mag release for years, and I still run the original PSA mag catches. But I'm one of those weirdo Colt guys.