A pistol round like a 9mm P or .45 ACP could do serious damage to an aircraft similar to a rifle round like the British .303 used in the early Spits and Hurris. The rifle round's primary advantage would be in ballistics: Range and time on target. Secondary the rifle round will have a better chance of penetrating cockpit armor. At pistol range (50-100 yards max) the pistol rounds would easily pierce the thin aluminum skin of WWII aircraft and damage the relatively flimsy structure, fuel/oil/coolant lines, radiators, unarmored parts of the cockpit and unprotected fuel tanks. A typical large caliber pistol round is also similar in volume to a rifle round, so it could carry the same amount of incendiary and/or other chemicals. It would still be very, very silly though.