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I believe there were a few years when the old Ithaca company made the M37 chambered for 3 inchers, but am not 100% certain of that.
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Stick man, you are 100% right- I know because I used to own one. Bought it new back in the late seventies. Also, because both the BPS and the 37/87 are bottom ejectors, a lot of people wrongly believe the two guns have identical actions. There are significant mechanical differences between them. I own both and, even though the lock-ups and other features are different, I would hesitate saying one is better than the other.