The Taurus UL I purchased a couple of months ago has the matte, stainless finish and is not ported. The gun shop had a couple of them in the "blue" finish and they were ported. I don't know if what type of finish the Taurus .32 H&Rs have determines whether or not they are ported. I'm only stating what I saw at that particular gun shop. However, the gun shop owner showed me the one he carried daily in his pocket - it had the "blue" finish and about half of it was worn off. It probably functioned fine, but it looked like crap. So far mine, with the matte stainless finish, is showing very little wear. I carry it all day, everyday, in a Biachi pancake style holster as I work on our back property.
I don't know about the Smith, but the SA trigger on my Taurus is about 4 lbs. It's pretty crisp though, with no creep. The DA trigger is mediocre - fairly smooth, but heavy. It has decent sights for a snubby and shoots to POA with 95 grain Federal SWCs. I think I'm keeping them in about 3" at 15 yards, but all I've done is informally plink tin cans on the wood pile. Unless a person was very recoil sensitive, I don't know why he or she would want a ported .32 H&R. Even though my Taurus has small grips and I have paws for hands, I hardly notice the recoil. However, muzzle blast without hearing protection, would be dangerous.