OK, note, a hit with a 32 ACP trumps a miss with anything else.
I have a P3-AT (380 ACP) and a P-32 (32ACP) pistols. The P-32 is much easier to shoot than the P3-AT.
I have a Beretta 84 (380 ACP) and a Beretta 81 (32 ACP). Both guns shoot well but they are large for pocket carry. Given a choice, I’d carry the Model 84.
I have a Colt 1903 (32 ACP) and a Colt 1908 (380 ACP). Again the pistols are the same size so the 380ACP would be more effective for the same ease of carry.
I have a 380 ACP PPK and a 32 ACP PP. The 380 PPK has a bit snappy recoil while the 32 PP is nice to shoot. I wish I could find a 32 ACP PPK. I’m sure it would be a nice shooter that is concealable.
So, in my opinion, it depends what you want to shoot and how deep cover you want.