In one of your posts you mentioned handling the .38 version of the 340 -- I'm not aware of that one. Was there an older version that was .38 only?
Ok, Jsferrazza, I change my recommendation this evening, with a caveat, and it's because you want to shoot .357s 3 or 4 times a month. The caveat will come near the end of this, but here's a hint: stocks.
I pulled out all my .38 and .357 this evening and went pie plate hunting with the 640 Pro. This is the first time I've run everything in the safe through the 640. I stapled the plates to a board, nailed the board to a tree about chest high, set my bench +/- 25' away, and went through--two handed--in this order.
Remington .38, 130gr, metal clad -- what a nice round to shoot, my best group in the middle of the plate (point of aim)
Speer .38 +P, 135gr SBHP -- first one was low and away (me, I'm sure), the rest were center and a bit low
Speer Lawman .38 +P, 158gr TMJ -- second best group, center low
Remington Golden Saber .357, 125gr, Brass JHP -- nicest of the magnum rounds to shoot and a nice group a bit low
Barnes TAC-XPD .357, 125gr, TAC-XP HP, lead-free -- first one got away low, then 4 on the plate but very low, slightly left (after shooting the rest of the types I went back to this one, raised the nose slightly and put three groups of 5 pretty rapid fire near the center of the plate -- absolutely no problem with recovery time)
Federal .357, 158gr Hydra-Shok JHP -- low, center (I shot two more groups of 5 with similar results)
Winchester .357, 158gr, JHP -- same as the Federal
This is a great little gun, and it's the one I recommend you get (you can always get an M&P 340 later).
Here's the bottom line (and the caveat): get a GREAT set of stocks for your range time. None of this stuff I shot up tonight hurt in the least, and I primarily attribute that to my Karl Nill Centennial stocks. I've not seen another maker that builds up the top back of their stocks like this, and they are a difference maker. I initially bought the Nill stocks for my 340, but it gave them up when the 640 arrived earlier this month.
You won't want to cc with the Nill stocks, if you decide on them. I do, but not in a pocket, and the way I carry they don't print. Whatever stocks you use for cc you'll need to spend a bit of range time with them just so you know what to expect. As an aside, I haven't put one round through my 340 or 640 with the OEM stocks.