As a part-time gunsmith who has been through the S&W school and as someone who shoots 12-15K rounds of pistol ammo per year, I will say that I would NOT make a habit of shooting +P ammo through a 64. I doubt a few now and again will hurt anything, but it is pretty easy to buldge a cylinder, loose correct timing, or errode the BC gap and forcing cone on a Smith of that vintage. Those guns were only tested to a working pressure of 20,000cup and you are talking about 25,000cup+ loads. Standard .38s are around 14,000 to 18,000. CorBon .38 +P's have a WORKING pressure of 28,500cup, which means 2% of the loads may exceed 31,350. That exceeds the designed working pressure of a 64 by 11,350cup. Or by about 60%.
So, my opinion is no. Make a steady habit of it and bad things will eventually happen.
T2E