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My opinion would be yes the Walther is worth the extra coin. I have seen a few (although not many) with cycling issues with low power "bulk" 22 ammunition with the Firefly. Sure higher velocity 22 will alleviate this but the P22 seems to handle a wider range of 22 ammunition more consistently. That said, I think they both will work for their intended purpose.
Hi Michael, I own the Walther and love it. Just remember it needs to break in a few hundred rounds to solve the Failure to feeds. Use CCI 22LR ammo.
I also say the Walther is worth the extra money that being said In my opinion the best of the tactical 22 lr handguns is the Ruger sr 22 https://www.budsgunshop.com/catalog/product_info.php/products_id/84868/Ruger+3607+SR22+10%2B1+22LR+3.5