Yes to +P
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On TaurusTactical.com it indicates that all Taurus pistols are designed to accepts a steady diet of +P ammo.
http://taurustactical.com/template_i...alManual07.pdf That seems to be the best answer for the +P question, but I personally would not feed any gun only +P, particularly if you are going to be doing a large amount of shooting, but that's just me. I own a Mil Pro and it has proven to be reliable but I with the blued finish was better, or that I would have went with the stainless slide. I think that Taurus has the best ergonomics in the 24/7 line of any semi-auto around. I also think they are underrated and priced very well. They don't get the respect they deserve, but that is OK, because it keeps the price down.
Good Luck and Be Safe!