Been using the 1970s Hornady loads since the 70s
I had posted about this same thing several months ago, I have been loading the 38 SPL with 4.6G of Red Dot under a 158G SWC for over35 years..
Yes its a pretty warm load and chrono's for me at around 1000, fps.
Having loaded and shot thousands of with no real pressure signs or issues, However, I use mine in my SW and DW .357s, These are built to handle the higher pressures.
I don't know what you are planning in using these in but if its an older 38 Spl, it may well be over pressure.
I don't want to preach but you should have really started at a lower charge and checked velocity and pressure signs.
I take all the reloading manuals as a guide only, and usually start pretty close to the start load and then move up in 2/10 grain increments until I reach an accurate load that shows no signs of over pressure. I always use a chrono and personally feel that you should always use one when working up new loads.
As I said earlier I use that 4.6G and love it, but it is too warm for an old 38!
One last point, I have noticed that all the modern manuals have really cut back on charge weights for most powders. Personally I think its a fear of litigation and they have cut way back in the loading tables. Some earlier responses said that they felt it was due to improvements in the powder, I don't buy that as the Red Dot from 30 years ago, chrono's the same as new powder I buy today.
As for your dilemma? if you are going to use it in a modern .357 it will be fine, but in an older 38, I would advise to pull them and use a modern load recommendation, then you can chrono and work up a load that you are comfortable with from a safety and recoil factor.