Lee Enfield caliber conversion to 38/357 or ...?

Would reloading .303 brass with .32 pistol bullets (right diameter) on an appropriate mild charge fit the bill? Would be easier than gunsmithing, and you'd still be able to load proper ammo when you want.
 
Thanks Mark !
(On my list of future projects I have a conversion to 45 LC with a 44 magnum Desert Eagle magazine.
I got the idea here.)
 
Progress so far of my 357 magnum SMLE conversion using a desert Eagle magazine
Good job.

That's the issue I had with my 9mm Lee. Close the bolt to chamber and you had to pull it back for the round to pop up a little to line up better, before you could chamber and close the bolt. End of a range session you have soo much brass shavings in the action.
 
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