I suffered a QC horror story with Charter Arms' snubby .327, which ended up with an exchange for the 4-inch model that I like. I also had a Taurus snubby I liked a lot that for reasons I'd rather not go into got sold to a friend for his wfe's CCW piece. Reports from there are that she likes it.
The .327's recoil is a bit snappier than a .38spl, but less that .38spl+P+. It is noticeably less than .357M.
I have no idea what the availability of ammo is, due to a peace offering that I'm still working on reducing to spent brass.