I agree with the first part of this statement, but I'd have to see the numbers to be willing to accept the second assertion. In what was probably his last public appearance, Skeeter Skelton and I discussed the 32-20 and then-new 32 H&R. I was planning on getting started with the former for IHMSA, but he strongly recommended the latter, suggesting that the straight side case would do all the older 32-20 would do and had the additional advantages of longer case life and ease of loading. Since the 327 FM gives even more of the same, I would place them in the following order of preference;
1) 327 Federal Magnum - new kid on the block but performance and flexibility winner by a long way.
2) 32 H&R (they named it "magnum" but it really wasn't) good for medium to warm loads.
3) 32-20 - the sentimental favorite and still fun to shoot, but more trouble than it's worth for serious, high volume work.
Of course this is based on my research and personal experience, and YMMV, but it would appear that the numbers are in my favor. BTW, the stainless RBH that was built for 327 FM was an eight shot. It ain't traditional, but old time cowboys who liked the performance of the 32-20 in their Colt SAAs would have probably loved it. I know I love mine!
Froggie