The original 32 rim fire was loaded with 9 grains of black powder. The 32 S&W long came along after 1900 and was never a black powder round, loaded to 16,000 psi which is the same pressure as a 32-20. I have converted a few #4s to 32 S&W but recommend using the short which was originally a black powder load and still loaded to those pressures. I have a 25 and 32 rim fire in the shop now but because they are both takedown models they will get lined as a 22LR. I am a fan of the #4, it was the first gun I ever owned.