You can probably find the standard wooden style grips, but the stock synthetic grip stocks are pretty slim. I actually prefer them for being able to get a solid grasp on my 340's & 642's versus carrying my older 649 or 37 with regular wood stocks.
BTW, I wasn't having any problems when it came to wearing out either of my 642's, and one of them had been shot over the course of several years. It was just that I felt the stronger Scandium alloyed aluminum frame would probably be more tolerant of extended shooting sessions over the years, seeing as how it was designed with Magnum ammunition in mind.
Of course, the steel frame Magnum models offer the inherent durability of steel, but at the added cost of additional weight. Some folks find the added weight a small price to pay for reduced felt recoil & controllability. Depends on the owner, their preferences and their anticipated needs.
Speaking only for myself, I can notice a difference in weight when carrying my 649, one of my Airweights or my M&P 340's. Other folks might feel differently.
The M&P 340 shaves off about 1.7 ounces compared to the 642 by virtue of having an aluminum yoke (stainless steel on 642) and an alloy-sleeved steel barrel tube (solid stainless on the 642).
The best thing about the M&P 340 for me, though, has been the standard size dot XS front night sight. The decently sized white plastic ring around the tritium capsule is easily seen, compared to the different colors of sight paint I've tried over the years on my other J's.
Also, that front dot sight seems to more easily drop down within the U-shaped rear notch, making it easier and faster to put it at the right height for aimed fire. The regular front ramp/post J sights are more easily "lost" against the square rear notch, making it harder to get the right elevation for aimed shots.
I'd have bought the M&P 340 just for the Scandium aluminum frame and XS front night sight alone, even if it had only been chambered in .38 +P.
Folks vary when it comes to tolerance of recoil forces, though, meaning different owners might find they prefer to carry/use standard pressure loads, +P loads or even Magnum loads.
When I first checked some various Magnum loads in my first 340, I found 2-3 brands/bullet weights that exhibited bullet pull in my gun, when I was shooting it, and about the same number of brands/bullet weights that didn't. All of the .38 +P loads I commonly use checked out just fine in my gun, in my hands. Check out how to check prospective loads in the ammunition warnings in the owner safety manual.
It might benefit you if you could find a way to test-fire some examples and see how you feel about them.