My only 32acp is a Walther/Manhurin PP made in 1957. I would pick it over a small 22 especially with my 100gr lead bullet reloads. But if I chose a 22 it would be loaded with Remington Yellow Jacket ammo.
Long ago I test a lot of different hollow point 22 ammo and the Yellow Jacket was hands down the best when it came to expansion. Way better than the CCI Mini Mag. The Mini Mag is fine from a longer barrel but never expanded from the short barrel of my IJ TP22. The Yellow Jacket always expanded.
https://www.midwayusa.com/product/1601511080
Out of stock right now but the latest Midway flyer had it advertised so I'm guessing they are expecting it back one day.