They're great shooters. I own and shoot one. Dick's right on the problem with headspace. IF you reload 32-20 brass works well in place of carbine brass. I've never shot a 'store bought' round in mine, but if I were to, I'd stick with the 110-125gr SP's.
Enjoy it, they're almost as much fun as my .32's!
It's not the gun, but the man behind it.
Sheriff Russell Cottle, Ret.
USMC; 1967-1970; Vietnam-'68-'69