The .32 bullets might be too fat for the barrel. Winchester says that the .30-40 Krag uses a .308" bullet, and the .32 ACP a .312" bullet.
I think you'd have a problem trying that.
Hornady makes some 90-grain .308 handgun bullets.
https://www.hornady.com/shop/?ps_session=b39342d7fe44fa411c14137c2ce2e7cd&page=shop%2Fbrowse&category_id=fff7fc94ea9163c3a13845f21b10baf2And a bunch of lightweight .308" rifle bullets.
https://www.hornady.com/shop/?ps_session=b39342d7fe44fa411c14137c2ce2e7cd&page=shop%2Fbrowse&category_id=ffd8e51c7827b4eed2fb35a333f4eafbHowever, since you want to load it down to pistol velocities, you should stick with pistol bullets.
You can use rayon pillow stuffing (from a fabric/crafts store) to hold the gunpower up against the primer. You'll need to do this because otherwise the reduced charge might not be ignited by the primer.
Simply resize and trim the brass, prime the case and drop in a powder load, then before you put in the bullet, stuff a pea-sized wad of rayon or two in the case mouth with a wooden dowel and tamp it down to the bottom. Then seat in a bullet as usual. The rayon will keep the powder charge pressed up against the primer instead of rattling around the walls of the cartridge.
Caveat: I've never done this myself but I've read about using it for reduced-power revolver loads.
I don't know how you would figure out the correct powder charge. If you have a chronograph, I guess you can just start at a minimum rifle load and keep dropping it by 5% until you get the muzzle velocity you'd want. Probably about 6 grains of handgun powder would be enough, but might need 7 or 8 to overcome the increased friction from such a comparatively long barrel (24" vs. 4").
Hope this helps.