I have done the conversion from g27 to 357 sig, but I use a glock 32 barrel (4") instead; I think the 357 sig needs the four inches. The barrel sticks out .6" inches from the g27 slide, but it shoots flawlessly. The 357 sig is freakishly consistent--in 20 rounds of different self-defense loads, I got the same feet per second three times. The average spread across five rounds for each of the four powders is about 7 fps. I have settled on v-crown 125gr and WSF powder, which averages 1375 fps and more than 500 foot pounds of energy.
Check all the discussions about reloading the 357 sig; I first size with a 40 carbide die and then neck size with 357 sig die; I don't flare the case mouth and lightly crimp. Get the right bullets too (long bearing surface).
For me, the 357 sig recoils less than the 40 S&W in the Glock 27 (but I use a polymer80 g27 frame, which fits my hand much better).