Take good care of that gun...many people are asking $3K+ for a gun of that condition and age.
As to the ammo, your gun was built when .38 Super ammo ran a 130 grain FMJ bullet at 1300 fps. What no one realized was that many people were also sticking .38 Super rounds in the .38 Auto 1903 Colts...they didn't "blow them up" just rattled them to pieces. So what ended up happeneing is that all the Super ammo ended up being downgraded to nothing more than .38 Auto, like back to the 1100 fps for the original .38 ACP load, +P ended up being really just .38 Auto +P. The only loaded to full potential .38 Super ammo is from CorBon (
[email protected],125s @1350,100 gr. PowR"
[email protected] and Glaser), Georgia Arms and another prefragmented round I can't remember.
So any of the ammo, +P or not, from Winchester, Federal, Remington, Agilla, PMC or MechTech will ware your gun actually less than the rounds that were out in the 1940s...
Would suggest you put in a new 18.5# recoil spring incase the one in the gun has taken a set...
One other thing...the chamber of your gun is cut to headspace on the case rim instead of the case mouth like the new barrels do. They are usually not very accurate. If you plan on shooting the gun much you can get a dropin replacement barrel for shooting that will not require any alteration of the gun and keep the original barrel for display.
Bob