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From Wikipedia. The .32 S&W Long headspaces on the rim and shares the rim dimensions and case and bullet diameters of the shorter .32 S&W cartridge and the longer .32 H&R Magnum and .327 Federal Magnum cartridges. The shorter .32 S&W may be fired in handguns chambered for the .32 S&W Long; and the .32 S&W Long may be fired in arms chambered for the longer H&R and Federal magnums; although the longer cartridges should not fit and must not be fired in arms designed for the shorter and less powerful cartridges.

Robert, yes in addition to the 327 Federal Magnum you can fire 32 H&R Magnum, 32 S&W Long, 32 S&W, and 32 ACP through this revolver.

Both. The 327 Fed Magnum round is the most powerful of the 3 , but all will work. I hope that helps.

Robert, yes Sir, it will successfully fir both rounds. I have been doing just that for years with nary an issue.

Teh .32 S&W is often used in this firearm, for two reasons - one, it is less expensive and two, it has less recoil.