Look at most of the loading guides for the 357 Magnum and you will find that in most cases the upper limit on velocity for jacketed bullets is in the range of 1250 fps. Yeah, I am aware of the Hodgdon loads featuring the Hornady XTP's exceeding 1500 fps but I am also aware that those loads in particular were done using a 10 inch barrel and feture Hodgdon's slowest handgun powders. Out of a 6 or 4 inch barrels the velocities produced will be much lower. So, if the Nick is shooting with a 4 inch 686 he will find it difficult to produce a 357 Magnum load that exceeds 1200 FPS.
To the OP, Nick. You mention you are planning to load with an IMR powder. If it's SR4756 you won't have any issues with excessive muzzle velocities, it's not a powder well suited to the 357 Magnum with a heavier bullet. If it's SR7625, I have to strongly recommend AGAINST using this powder because I've found it to be extremely Position Sensitive in a revolver case. In my case I was loading 38 specials but with the barrel pointing down prior to shooting the muzzle velocity was only 400 fps., point the barrel up and the muzzle velocity produced was 700 fps.. That is a 300 fps swing in velocity due to powder position in the case and IMO I was extremely lucky I did not lodge a squib in the barrel. I've found that SR7625 is a great powder for semi autos but a very poor choice for revolver loads featuring a long deep case.
If you want some suggestions for a powder to use for a moderate level 1100 fps 357 Magnum I would suggest Accurate #5, Longshot, or IMR 4227. Because based on data provided in the Hornady (8" barrel) and Speer (6" barrel) these powders will produce velocities in the 1050 to 1100 fps range with a mid range 357 Magnum loading. As for IMR SR 4756, the data I have for this powder cuts off the pressure level and 29,900 psi and reading between the lines a bit that indicates to me that 4756 may have a tendency to get a bit "spikey" at higher pressures with a result of excessive velocity swings. Because of this you'll need to limit your powder charge with the 4756 and your Magnum loads will actually be closer to a 38 +P in terms of produced velocity.