This would be a VERY efficient single-shot rifle and absolutely WONDERFUL for hunting deer. (An 18" barrel is all that's needed for 100-grain bullets and a 16" barrel is even MORE efficient for the 115-grain GDHP loads!)
It outperforms the .32-20 by a decent margin and exhibits better accuracy than the older cartridge ever could. (Look it up on Ballistics By The Inch.com..) The .327 ed. Mag is more versatile, shooting the .32 S&W, .32 S&W Long , .32 H&R Mag and the .327 Fed. Mag. The fact that it is easier to load than the .32 WCF ever was (no variations in case diameter with which to be concerned.)
While the .32-20 is "okay" the consistency of the .327 Fed. Mag. is MUCH better!
The King has been superseded! LONG LIVE THE NEW KING!