When I went to work in 1970, I was issued a used Colt Police Positive. The other firearm being issued at the time was the Model 10. I sooooooo wanted the Smith. I finally got one, and carried it for years without concern of being under gunned using the issued Federal +P 158 grn. hp's. It's still a very good combination--a Model 10 and that particular round. When I was promoted to Agent in 1980, they gave me a 2" stainless 64. I adored that gun also.
How times have changed. Now, a .38 Special in any firearm is considered weak, and I suppose it is compared to modern high capacity autos. But you know what? A .38 is still as much of a gun as it was back then. If it worked then, it will work now. The value of those old revolvers are low. I think someday they might be collectible.