Well, what is +P+, anyway?
Jim March, I think you have finally given us the basis for the fabled SR-4756 loads in the Speer #8 manual. (That is 8 gr under a 158 gr Lead--in a 38 Special case--and that is the start load: It goes on up to 10-11-12 gr, IIRC.) By contrast, Hodgdon stops the current SR-4756 / 38 special loads at 5.6 grains....)
This last year I got intrigued with the Speer 38+P 135 gr loads and went to work with the recipes they had published. To make a long story short, I sorted out "replica loads" of the factory round using both the Speer GDSB135JHP bullet and 140LTCs. That's nominally 860 to 900 fps from a 2" barrel.
SAMMI has recently reduced the 38+P recommended spec to 18,500. Speer uses 20,000 (a former SAMMI spec, I believe) for their '+P' ceiling. I've been experimenting with the Speer recipes and have pushed them beyond their MAX load "a bit"--like .2 gr. or so. Chrono results started wobbling, so I stopped there. Calcs done show this particular load (AA#5) and similar velocities generated by WSF show loads that are probably still under 21,000.
I also 'translated' these 38+P loads into ballistic equivalents in 357 cases, and I have tweaked them a bit more. A guess for now is that none of the 357-case recipes are beyond 22,000--maybe 24,000. That's a relatively low-pressure 357 round, especially if you use the older 357 spec of 42,000 or even 46,000 (the original spec). Currently, SAMMI is calling the 357 max is 35,000.
And, of course, I can work my way up to full-house 357 loads--or, as is my intent, towards a replica load for the 357 Magnum GDSB 135-gr load--nominally 970 to 1000 fps.
I do shoot these loads from 357-frame j-frames. The point is, one can build "+P+" loads yourself that are based in modern recipes, and not necessarily out of the historical context Jim has cited.
Why would I do this? Well, the Speer GDSB 38+P ammo runs about $1.00 per round in the typical consumer box of 20, or about $.52 per round in the LE box of 50. The reloads with the 140 LTC run about $.10 to $.12 a round with the 140LTC, and feel the same as the factory round.
I've shot about 6000 of them in my two 2" guns in the last seven-eight months. (Needless to say, I am now proficient at DAO shooting in a lightweight--and I'll get better.)
Jim H.