The LCR in .327 Federal Magnum is on my wish list. I have the Ruger Single Seven, and anyone who says this is a wimpy round never fired it.
The LCR format makes this a very reasonable firearm for carry, due to the light weight and big bang. Ammo is expensive, but depending on where you look, sometimes cheaper than .38 and pretty much cheaper than .357. If someone wants to reduce recoil, the H&R .32 Magnum is still a decent round. Looking at the Federal Ammo website, .327 is greatly superior to .38+P, and H&R .32 Magnum has velocity almost equal to .38+P though loses a bit in foot pounds of energy.
Right now availability is the issue. I found a great supply on Gunbrokers, but Cabela's has had my American Eagle on backorder since November. The advantage of a firearm that can handle multiple types - .32 S&W Long, while perhaps not as accurate, has never been hard for me to find.
Also, for what its worth, there are actually FIVE types of ammo you can fire out of a .327 Federal Magnum. Many leave out .32 ACP. And probably for a reason, but still, facts are facts.