More on the PP.
Cons:
Starts to foul after 30 rounds or so, and after about 50 rounds it’s FTF on every other round. Not really a factor in SD scenarios, but notable.
The sights suck. I could get mostly COM at 10 yards, but couldn’t keep a nice group past about 10 feet. For the record, I’m no marksman. I imagine the PPK variant is even worse.
Nobody shoots .32, so the ammo is relatively expensive.
The gun is DA/SA. That’s not a con in and of itself. The first pull sucks ass. I mean, it’s got like a 20 pound pull - perhaps more.
Cocked and locked is not possible. The fire/safe selector performs a decock when moving to safe.
It’s heavy, because all steel construction. Relatively uncomfortable by today’s concealment standards.
Pros:
It’s heavy, because all steel construction. This thing will probably work forever, with proper upkeep.
Size matters; PP (and especially the PPK variant) have a history of being popular concealment weapons.
Historical value. I love owning a weapon that has a history. Aside from the Bond-iness geek factor, mine was made in 1958, and was under issue with a police force in Austria (as evidenced by markings stamped in various places). I’m sure this gun would have stories to tell, if it could talk. Secondarily, the whole pre-war/post-war Walther thing is a very interesting story, which bears recollection whether you own a pre- or post-war piece.
Bottom line: take it if you can get it, but I wouldn’t seek one out unless I was a collector. As per Ignatius Piazza (anyone else think his name is straight out of an old Assassin’s Creed game?), “any gun will do if you will do.” Just don’t go out of your way for this one.