I think the goal should be to stay subsonic while getting good expansion, so yes, 158 gr can slow things a bit. I still don't care for the feel of a full weight bullet, say 158+, in a small gun.
Speer Short Barrel is 135 grain and always my first choice in SD ammo for smaller 357s and 38s. The Speer manual shows "Short Barrel' loads in 357 running mostly subsonic.
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