I believe that it could work, but the acp pressures run a bit higher, and I can not see where it could be a good idea.
But then , I will not fire 38 special in a 357 Magnum either.
I have this odd idea that you should use the cartridge the gun was designed for!
I do not believe in experimenting much with explosive cartridges in my beautiful Smith & Wessons !!!
I know 38's work fine, but why ?
I reload all my own, so the money doesn't come into play so much for me.