I would go along with the others. I have both and find the 5" is the best balanced revolver I have run into for everyday shooting.
I have two 3 1/2 inchers and do on occasion use this one for concealed carry.
I suspect if I had to pare it down to one, I would go with the 3 1/2".
It will do everything you need in a 357. It is accurate enough for most needs. It will handle heavy loads with aplomb, and you can conceal it if need be.
As the others have said, the 31/2" seems to be the one in greater demand. I think the 5" would be more uncommon of the two.
Hey I bought these to on the same day, you can too.