"Federal's new .327 Federal Magnum cartridge is poised to set the revolver world on its ear," wrote Field Editor Bryce Towsley about the .327 Federal Magnum (April 2008, p. 42), which was designed to outperform the .38 Spl. but remain manageable for most shooters in a compact revolver.
Starting with the .32 H&R Magnum, Federal's cartridge design guru, Larry Head, lengthened the case by 1/8", boosted the Maximum Average Pressure and made structural changes to the cartridge case. The new chambering also handles .32 H&R Mag., .32 S&W Long and .32 S&W ammunition, providing low-recoil alternatives for practice. Also, the round's smaller diameter allows it to boost the cartridge capacity in cylinders of similar diameter.