CAUTION: The following post includes loading data beyond currently published maximums for this cartridge. USE AT YOUR OWN RISK. Neither the writer, The High Road, nor the staff of THR assume any liability for any damage or injury resulting from use of this information.
IMHO, it depends on the pistol.
1) With a 1903 Browning Blowback action with heavy slide, good case support, and thick chamber walls:
I load 8.5 gr Power Pistol, 158 gr LSWC or XTP, 1.090", 1187 fps
Contrast this with Alliant's max load for 357 mag, 8 gr Power Pistol, 158 gr, 1.575", 1,305 fps, 33,800 psi.
This is a very hot load.
2) With the Kel-Tec P3AT locked breech action with light slide, poor case support, and thin chamber walls:
I load 90 gr Gold Dot, 6.1 gr Power Pistol, .968", OAL, no crimp, 25.9 kpsi, 1115 fps
This load is nearly as wimpy as the factory ammo, and is at the threshold of case bulge.
3) With the Beretta 1934 blowback action with medium slide mass, and good case support and thick chamber walls, I load somewhere in between: