I would rate it as better than a 22 (and more reliable being centerfire). With wadcutters, it is better than a 22 on anything you would use a 22 for (plinking, small game etc.) 22 ammo is cheaper though. A lot of 32 revolvers are very accurate, especially K frames. For protection, same as a 22. If it is all you got, use it, just make sure your shot placement is spot on. It does meet the requirements of rule number one (have a gun).