It's not that the .357 isn't powerful. It does, however, tend to be over-rated somewhat.
You of course have your 125 grain loads at about 1,400 to 1,450 FPS. This can be duplicated by .357 Sig.
Your 158 grain .357 loads tend to be rather watered down. 1,150 to 1,250 feet per second, usually. It's rare to find a 158 grain factory load with 1,300+ FPS velocity from a standard (4" or so) barrel. Note that one Cor-Bon .40S&W load launches a 150 grain bullet at 1,200 feet per second. The .357 will, of course, have better sectional density, but the .40 will make a bigger hole.
The 180 grainers are even MORE watered down, sometimes, despite being marketed for "hunting". 180 grains at 1,100 feet per second from a 6+" barrel just isn't terribly impressive, in my opinion.
There are several reasons for this, I think. First and foremost, most shooters are happy with 125 grain loads for self defense, so development of other loads has...well, not quite fallen by the wayside, but it hasn't gotten the research effort that other cartridges have.
Secondly, improvements in JHP bullet design yield excellent expansion from lower velocities, so the ammo is downloaded for less recoil. (Sometimes. Personally I can't understand a 158 grain soft point chugging along at 1,200 feet per second, but that load is available.)
Now, there are companies out there, like Buffalo Bore and Double Tap, that are loading .357 Magnum to its potential. In most factory loadings, though, I daresay it doesn't have much advantage over .40S&W or .45ACP +P, if any. If you disagree, tell me why. But looking at the raw ballistic numbers (bullet weight, muzzle velocity, kinetic energy), the .357 Magnum as most commonly loaded doesn't stand out especially well from the autochucker cartridges.