A year and a half ago my father gave me his p-232 as my 21st birthday present. I started carrying it as soon as I got my CCW permit, and have carried it every day for nearly a year now.
It points very naturally for me, and is remarkably accurate for such a small gun. It conceals beautifully. I keep it in an akj concealco holster.
www.concealco.com
For $55 it is the absolute best holster you will ever own. Its quality is on par with holsters costing double the price. The only downside is the 4 month wait time. But Andy Johnson does excellent work.
I like, and use Federal Hydra-shock for SD. Never had a malfunction with the stuff. Although I've only had one malfunction with Speer Gold Dot, so that seems to be good stuff as well. They are the only SD ammo that I have tried.
For purposes of penetration, when I carry, I always keep an FMJ in the chamber, backed up with a full mag of HP's.
So far, I haven't found a range ammo that this gun does not digest flawlessly. This includes WWB, Fiocchi, CCI Blaser, and S&B.
If your's does not come with the Hogue wrap-around grip with the finger grooves, I highly recommend getting one. It made a gun that already pointed very naturally, absolutely perfect for me.
Things to watch out for:
1)The mag release is slow to operate at first, but can be fixed with practice.
2)Limp wristing will cause the gun to jam. My dad limpwrists, and the gun has jammed on him before. I don't. It has never jammed on me. Unless warning #3 is not followed
3)You might want to give it a field strip every 700-800 rounds. I've found that when you get to the point where the feed ramp is jet black, and caked in burnt powder, the gun can stovepipe. Picky blowback guns. go figure.
All together, I'd say I've fired... i dunno. I'll conservatively say 1700 rounds through the gun, and I've had 3 jams. All of which were due to it being so dirty it was insane. It's a great gun. I trust my life to it every day. Enjoy!!!
Here's my review of it on my other forum:
http://www.theothersideofkim.com/index.php/forums/viewthread/14096/