Funny thing. I shot wet newsprint with the 71 grain .32 acp load and it went right through leaving a .308 hole. 98 grain .32 Smith and Wesson lead went in five inches and deformed like mad! .32 revolver, 638 fps, .32 acp, 1000 fps. Funny.
.32 is so accurate. I bought a nickel plated target sighted rossi for 100 and it was fine single action but double action was rough and it finally gave up. Not a good buy. Taurus makes a neat six shot .32 on the .38 frame for perhaps 250 new, lots of old Smith and Wessons at gun shows. If .32s are her thing, well, that's the end of that story!
On the other hand .38 148 grain wadcutter, a 148 grain at about 700 fps is really mild and hits harder than any .32. H and R is pretty much gone but I still see many for 100-125 dollars. Also, shot my first rabbits and squirrels with a Colt Detective Special 2 inch barrel in .32. Probably pricey now but man that gun was accurate and easy to shoot! Have had several four inch barrel smith and wesson I frame six shot 32s and while ok not all that great.
If price is no object the Ruger is a great buy. You may be surprised at the power you could handload into the Ruger-- 100 grains at near 1200 fps but that is another story.
regards
rkc