It totally depends on what you want to do with it. For short-range personal protection I think it's great. It's sooooo light and handy. More energy at 100 yds than a .357 at the muzzle. If you want a deer hunting round, I would use a soft-point hunting load (Winchester makes a hollowpoint, which would also be good for defense), but keep it close, say 50 yds or less. Not a bad little gun at all, I love mine. Mags are usually always reliable if in good shape, and you get either a 15 or 30 rounder. I find them at gun shows for about 10-15 bucks, which isn't bad at all.
Then again, if you want more range, more power and versatility, keep the 14.
I plan on getting a Mini-14 to add to my collection anyway, so why not both?!