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Since the model in question, the 66, has adjustable sights and is easily capable of shooting both 110 and 125 gr. loads to POA, I see this matter of the revolver being regulated from the factory to shoot 158 gr. loads as a non-issue, even if factual. The reason I add "if factual" is because I've purchased several S&W revolvers over the years that shot 125 gr. loads to POA right out of the box.
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All of my recent production (1980's and newer) Model 64's shoot POA/POI with 125gr +P's.
I would shoot a 110gr (1200fps) load in any steel K frame and not worry*. The CorBon 110gr JHP load in .38 Special +P runs around 1200fps out of a 4" barrel and I shoot it all the time.
*I will note; I consider guns, that use this type of ammo, to be expendable tools used for my own safety. If it wears out, I'll get them fixed or replace them. For target guns or collector guns, I have no need for such a hot load.
Now...back to the original question, is it safe to shoot the 110gr .357 Magnum in your 66-2? The answer is yes, it is safe.