Buy it. It will make anyone who puts in the effort look like a really good shooter, even if they aren't all that great. I shoot mine the most with the wadcutter loads, mostly because I am not shooting it for serious purposes. If for some reason I was carrying it for personal defense use, I would use standard velocity 158 SWCs with confidence.
You can likely shoot all the +P you want, but for the vast majority of the uses for which this revolver is best suited, I am not sure the juice is worth the squeeze. If you want to shoot stout loads for hunting or some such purpose, the .38 with a +P heavy for caliber hard cast SWC (like the reference to the Keith load above) might be adequate, and a good shot with that would likely take a deer, but your game regs may not allow it. An N frame in .41./.44/.45 Colt with a similarly heavy hard cast SWC would be more appropriate for such use.
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NHI, 10-8.
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