Online quotes from Wikipedia: (not the 'end all arguments' authority source):
>>Conversions
>>Most .40 S&W pistols can be converted to .357 SIG by replacing the barrel, but sometimes the recoil spring must be changed as well. Pistols with especially strong recoil springs can accept either cartridge with a barrel change. Magazines will freely interchange between the two cartridges in most pistols. .357 SIG barrel kits have allowed this cartridge to gain in popularity among handgun owners. However, the .357 SIG is loaded to higher pressures than the .40 S&W (the C.I.P. and the SAAMI pressure limits for .40 S&W are 225 MPa and 35,000 psi), and may not be suitable for use in all .40 S&W-chambered pistols due to the increase in bolt thrust.
Developed in 1994, the new cartridge was named "357" to highlight its purpose: to duplicate the performance of 125-grain (8.1 g) .357 Magnum loads fired from 4-inch (100 mm) barreled revolvers, in a cartridge designed to be used in a semi-automatic pistol. Performance is similar to the 9x23mm Winchester.
The .357 SIG provided a self-defense cartridge close in performance to a 125 gr .357 Magnum, but from a semi-automatic pistol with greater ammunition capacity.
The .357 SIG was the first modern bottleneck commercial handgun cartridge since the early 1960s, when Remington introduced the unsuccessful .22 Remington Jet (1961), which necked a .357 Magnum case down to a .22 caliber bullet<<< (end quote)
To confuse things more--while I don't shoot much in the way of the different 38 caliber loads, I 'thought' that if a gun barrel can handle a hot 38P load, that the same barrel can usually handle a 357 load--true or not or just for revolvers? Then again, just as not all 38 caliber bullets are the same, the SIG 357 is a bit diferent in it's own right from other 357s, so there may be a number of variables here and I'd hate for someone to have 'kaboom' by making assumptions from here....