I had a Colt PPS, but in .38 Special. If you shoot someone with those .32's and they discover it, they may become very perturbed...
Seriously, if I ran a trap line, a.32 would be better for killing smaller trapped animals than a .22. But if you may catch bobcats, coyotes, raccoons, or wolverines or badger, I'd use more gun.
Remember, if you're trapping where bears or cougars live, you don't have to trap one to be attacked.
Of course, fictional heroine Modesty Blaise used a "Colt .32" that may have been this very model, and she was a deadly shot on villains. That works well when an author decides what drops 'em dead.
In real life, I've read that Geco wadcutter ammo is loaded a bit hotter than US rounds. Buffalo Bore may make effective .32 Long ammo. I haven't checked. Those old Colts are well made, nice guns. Just the caliber is troublesome. I'm content to leave "a .32 gun" to bad, bad Leroy Brown. If Leroy shoots at me, I plan to terminate him with a 9mm or .357.