A lot is made of having a jacketed hp expand & stay intact/retain weight. It comes down to the jacket thickness, how hard the alloy is, bonded or not bonded cores and hp design. Having swaged my own jacketed bullets since the 90's and either hunted with them along with dispatching a lot of vermin with them. Has got the idea of that perfect mushrooming hp that retains 90+% of it's weight meaningless to me.
You're going to find people saying what works @ +/- 900fps in a 38spl load isn't going to work in 1400fps 357 load. Actually it will and do extremely well. The bullets designed for the low velocity 38spl loads might not get that perfect 12" fbi penetration. But they will get 7+" of penetration along with fist sized holes at the point of impact.
A couple of years ago I decided to take a hard look at using shell cases for jackets to swage jacketed bullets with. I also decided to test the "xtp" notch design at the same time. I made these 35cal bullets using 9mm cases. Now I use 9mm for the fn's and 380acp cases for the hps (no trimming with the 380acp's).
After getting the initial design I started testing with work hardened jackets, annealed, soft cores, hard cores, bonded cores. Don't know if it's true or not, been told that 1" of wetpack is = to 1 1/2" of ballistics gel. Don't know or care, I do like testing bullets in wetpack before testing them on vermin. Wetpack ='s newspaper bundled together and put in a cooler & the cooler filled with water and let sit overnight. That same 150gr hp pictured above with a hard jacket/hard alloy for a core. It blew huge holes in the front of the wetpack and all's that was left of the bullet was the shell case. The same thing will happen if you use a jacketed bullet designed for low velocity in a fast 357 load. Not as much penetration, the bullet will implode and there's massive carnage.
Same bullet with a hard jacket & soft cores.
Same bullet annealed shell case & bonded soft alloyed core.
Playing around with 265gr hp's for the 44mag made out of 40s&w cases. Took 5 or 6 tries to make a bullet that would stay intact @ 1100fps simulating 75yd to 100yd hits/deer bullet
A close-up of that 265gr 44cal hp. Front crimp groove for the 629 back crimp groove for the long throated contender.
Making hp's for the 45acp, I wanted these to implode/shred/loose their mass in whatever they hit. Testing them in wetpack @ 50ft
Those bullets were recovered either in the last inch of the wetpack or blew out the back (holes in the blue picture on the back of the wetpack)
Just because a hp doesn't retain 90%+ of it's weight and have that perfect mushroom doesn't mean it will not work. When a hp implodes it makes a massive cavity (fist size) and then the bullet fragments makes multiple wound channels with the main body of the bullet getting good penetration as it sheds it's weight.
I use that same Mihec 640 158gr cast hh in a snubnosed 357 that I use in a snubnosed 38spl p+. With the 1200fps load I use in the 357 (950fps in snubnosed 38spl) that mihec bullet is nothing short of violent when it hits something.
I'd be taking a hard look at the rim rock 158gr gas checked swc hp for both the 38spl & the 357.
https://rimrockbullets.com/xcart/g-ch-38-357-158-gr-swc-hp-per-100-in-a-plastic-ammo-box.html