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Well for all the failure rates you quote, .32 ACP has a long history of being a lethal military and police caliber, for all practical purposes I don't think its any less dangerous than any other caliber in that you still don't treat it like a toy and point it at folks unless its for self defense.
As to the Browning question, if they made it with a metal frame I would buy one in .32. I'm still holding out, hoping they offer a metal framed .380, but I doubt it'll happen.
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