I've wanted to get Kel tec's P-32 but I can not justify using a slightly smaller pistol at the expense of a much less powerful 32 auto.
Slightly smaller? Surely, you jest!
Make a cardboard cutout that's 3-1/2" x 5". That's the profile size of a P-32. Empty, it weighs 6.6 ounces, and fully loaded, it weighs 9.7 ounces versus about 22 ounces for a fully loaded P-11 (which weighs about 14 ounces empty).
A P-32 compared to a P-11 is like the P-11 compared to a full size 1911.
Somebody said it, and many agree that a P-32 is the gun you take when you have to go unarmed. That tiny sucker disappears wherever you conceal it! It really is wallet size, and works perfectly as pocket carry in a suit coat inside pocket, front, or rear pocket. Eight rounds of .32 beats no rounds of something else.
I've got both, and when I can dress (hot climate) to carry the P-11, there's no reason not to have the P-32. And when I can't dress comfortably for the P-11, there's no reason not to have the P-32.
The P-32 is also a great point shooter, and I think it's even better than the P-11 (which is a GREAT point shooter for me) because its light weight and small size make handling instantaneous. Quick and easy presentation will be a total surprise to a BG, and if you're at the intimate distances the gun lends itself to, hitting an eye socket, neck, etc., is easy.
If mugged at gunpoint, when I hand over my wallet, it will be my KT P-32 wallet.... Around here, armed muggers seem to feel obligated to shoot.
Watch a woman pull a P-11 sized pistol out of concealment in, for example, her purse. She aligns her arm and wrist to get a decent grip on it, and if you've got half a brain, you KNOW she's not getting a wallet. For that she just casually reaches in and pulls it out. Watch the same woman pull a P-32 from the same place. She handles it just like her wallet because it's so easy to grasp and handle.