Either one would probably work for you.
With the .357 though, you can use .38 specials and carry one or two more rounds in the magazine too.
I would get the 1892 action instead of the 1894 since the 1892 was specifically designed for pistol cartridges.
Another benefit is that the .357 gains a lot of velocity due to the longer barrel. The .38 special also benefits from the longer barrel too.
Ammo that is very uncomfortable to shoot out of a handgun is quite manageable in the carbine.
Bullet shape is a consideration though. My 1892 carbine stutters on the sharp edged SWC designs, but is flawless with JHP or RMFP designs. I would not hesitate to use it.
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