Well, since the OP asked.
I fell
DOWN to the 32 H&R from the .327FM. I once read somewhere that the .327FM was an answer to a question that was never asked by .357mag owners. If that's true then I guess one could say that the .32 H&R was a thought that was never 'thunk' by them. For me it wasn't so much the caliber (although it has some upsides) as the guns it came in.
This picture encapsulates my journey DOWN to the .32 caliber. I've always been enamored by FAST cartridges in handguns starting with the .30 cal carbine.
Right to left:
1: Ruger Blackhawk convertible in .45 Colt/.45 ACP. Back in the 90's I read an article on the BH in .30 carbine and was dead set on getting one. Walked into my LGS with that mindset and after about 45 minutes walked out with the gun in the pic. Darn happy I did as it set me on a path of appreciation for the .45 Colt that hasn't waned.
2: Ruger GP100/.327FM. Got busy with life (wasn't reading gun mags and keeping up with the new offerings/calibers) and forgot about the .30 carbine until one day in the mid 2000's I stumbled onto something in print or the internet about the .327FM. That reignited my interest in the fast handgun round concept. Went looking for months and finally found this one.
Problem then was as it is now...factory ammo selection is scarce and expensive. So, since I was already reloading I invested in the components and started to reload for it.
3: Ruger SP101 in .327FM. This was purchased only 2-3 months after the GP100 at the same LGS. Was traded in because the owner didn't like factory ammo prices or availability. After shooting it I decided I'd like to try .32 H&R Mag in it....bought some factory ammo, liked shooting it and the rest is history...although .327FM dies will work on the .32 H&R brass I didn't want to constantly be adjusting the dies and bought another set.
4: Ruger Single 6 in .32 H&R Mag. I have these reversed in order, it should be the white handled one first. I believe I've mentioned this before on THR but will recap. Was in my boss's office at the end of the workday (Prior Marine Led Sled Combat Aviator in Vietnam) discussing issues that came up. He was thumbing through a gun annual and said he was going to purchase himself a retirement gift (M1A). He and I talked guns occasionally and asked what I would buy for myself if I retired. Looked through catalog and picked out the Ruger Single Six in .32 cal. Tossed back the mag and never thought anything more of it. I'm paraphrasing somewhat....At his retirement ceremony he said the organization has it all wrong. Instead of us giving gifts to the retiree the retiree should be giving them to the people who helped get them to this point of their career/life. Called me up on stage and said I was the last of his 6 Sq SNCO's standing. As such he was presenting the gift for what we contributed to his career to me. Handed me a gift-wrapped box. Told me to open it when I got home. Got home and in it was that Single 6.
5: Black grip Ruger Single Six in 32 H&R: Bought at Priest River, ID gun show held in a school auditorium around 2006 (?). Decided I couldn't put routine wear and tear on the one above.
6: Ruger Bisely Single Six in .32H&R: Bought a few months ago. First gun I've ever bought at a pawn shop.
Long way to get here... the single sixes are just a hoot to shoot in this caliber and don't even get me going on the Henry rifle. The SP101 .327FM is wearing pink grips because it's probably going to be my wife's CCW in a little while (loaded with .32 H&R Mag). I'm in the process of working up some practice loads for her to try out.