No experience with your modern Henry, but I did own a Winchester 1892 carbine that started life as a .32-20 and had been converted to .357 magnum somewhere along the way. It would feed and function with just about any .38 Special ammo except flush-seated wadcutters. Actually very pleasant to shoot with 125 JHP and 158 SWC .38 ammo. Perfect for small game to the size of turkeys, or for troublesome pests like coyotes.

Wish I still had it. Nothing slicker in use than the Winchester 92's. I will now renew the curse I placed on the low-life thief who relieved me of that old Winchester!