I am a sucker for 16" pistol caliber leveractions, so this definitely has my attention. The factory price is $1500, so I am guessing the rifle will end up being around $1200. That is pretty steep, but not totally crazy in today's dollars.
A few years back when Remington took over the Marlin tooling I purchased an 1894 "Remlin" in .357 as a companion to Ruger Security Six. I like it.. I've only hunted with it once and had no opportunities. I think it would be great for Coyotes.
You will be doing good to get it for just the retail price. I would like to have one of the new Marlin 30-30s but about all I see listed on GB are selling for scalper pricing above retail. And I won't pay it. I will buy a Henry first. Its a good looking gun and I hope you find one you can afford.
For deer I carry 158 grain semi jacketed soft flat nose.I killed my first coyote with a Rossi 357 on the run at around 50 yards. I was using a hot loaded Winchester 158gr HP bullet and the shot nearly gutted the dog. It was nasty. But quick. I was hunting deer and I'm glad I didn't get a shot at a deer with that load. I think it would have been a poor bullet choice. I bought a 500ct box of Remington 158gr soft points and reduced the load a little. And I have never tried them on a deer yet. I have no doubt the 357 would make a good close range deer round.
GB is not where you will find Marlin rifles at MSRP and discounted below MSRP. Henry products just do not have the pentup demand that Marlin does.