I don't know about the .327, but I have a Charter .357, 2" snubbie with the ported barrel. Is it pretty like a S&W? No, but I could get a least 2 Charters for the price of one S&W and I shoot just as tight groups as most of the other snubbie shooters at the range I frequent. Personally, I like the matte SS finish look and the ported barrel lets me shoot full house .357s with less recoil than my friends .38+P Airweight. I have heard much against the brand, but I'd rate them with either a Taurus or Rossi. BTW, my other revolver (field gun) is a .357mag Taurus Tracker 7 shooter with the factory porting and it is a tack driver.
Gunblast did a review on the cal and Ruger bored the SP-101 3" for it as the actual 1st .327mag. I believe Charter was the second to bore the round. The Ruger is no doubt the better revolver, but is also way more expensive, if that is a concern. From what I'm reading, the round is supposed to be between a .38+P and a .357 mag in effectiveness with about the .38's recoil. It was designed as a ccw round, I think. Probably good for smaller framed folks than the .357 with around the 9mm preformance in an actual revolver round.