I picked up this little guy from the dealer this morning. One might say it "was rode hard and put up wet" but mechanically it is sound and the price was for darn sure right, $150. Took it out and shot some wadcutter loads I had made up years ago for a target pistol. WHAT FUN! The original grips, hard plastic, are very small so I put on a set of walnut, Herrett J-frame square butt grips and although they will require a bit of fitting, served the purpose of test firing. This is the prewar model with the flat mainspring.
Fortunately for me, with my hold, and this particular load, it shoots very close to POA at 10 yards. I didn't do any real extensive testing because I want to dissemble it and get it throughly cleaned and lubed.
The recoil is no more than a 22 RF, if even as much. Using a homemade bullet (full wadcutter), 2 grains of 700X and a WSP primer, I can shoot this for just about what decent 22 RF costs. I think I'm going to have a lot of just plain old fun with this little gun.