The base 357SIG loading and 9mm +P+ are somewhat comparable. The difference being, the 357SIG is just getting started, and the 9mm is pushing the limits. The guns made for 357SIG are made for a steady diet of it, not all 9mm's can handle a steady diet of +P+.
My Glock 17 shooting Federal 124 grain +P+ 9mm feels very much like my Glock 31 shooting Speer Lawman 125 grain 357SIG. Sort of a reversal on the above about the 9mm guns not handling the +P+, my 31 is showing signs of some moderate (at this point) peening on the underside of the slide the more I shoot it. I dont shoot a steady diet of the +P+ out of the 17, but my reloads are pretty hot, and there isnt a hint of the locking block impacting the slide like the 31, so go figure.
I think if your going to go with the 357SIG, you're better off staying with the full sized guns if you want to make the most of it. Double Taps 125 grain loading pushes 1450fps out of a 4" barrel, a 4.5" barrel jumps it up to 1525fps. Drop down to a 115 grain bullet, and it pushes it into the 1600 fps range.
If you look closely at the pic in LoneStarWings link, I think you'll see the 357SIG has the largest cavity of all shown, if even only by a small margin, and thats with a chrono'd load just under the standard 357SIG loading. It would be nice to see someone shoot the same calibers using one brand, like Double Tap, and see what the hotter SD ammo comparisons would be like. Part of the problem here is, these type comparisons are often apples to oranges when they are made, usually to make one side or the others point, and you really dont get a good idea as to whats really going on
I see a lot of people complain about flash and noise, but I havent really seen it yet. The 357SIG does have a bark, but its not all that bad, and nothing compared to an equivalent 125 grain 357MAG out of a similar sized barrel. I have yet to see any kind of flash from any of the ammo I've used, including my reloads. If there is a loading that causes an excessive amount of flash, I'd like to know what it is, just to stay away from it. I've used factory loadings from Speer, Federal, and Double Taps, and use AA #9 in my reloads.
I switched a number of years back now to the 357SIG from a .45, and havent had any desire to go back. Its accurate and hard hitting, and punches through things the .45 didnt at the same time. Pretty much double the ammo in the gun is another plus.