I've been shooting 158gr. magnums recently and they are relatively mild compared to the 125 grainers. But, I emphasize, "relatively" mild. They still produce enough of a flash and boom to wake up the other shooters. This morning I fired some 158gr. magnums from my 686 and within a minute or so there were 3 or 4 curious people standing behind me to see what was making all that racket.
Back to the subject, I do think that the magnum rounds tend to burn somewhat more cleanly than many .38s. I'm presently firing magnums by HSM, sold via Cabellas, and they're pretty clean. The cleanest round I ever fired was Remington UMC 125gr. leadless magnums. I swear, the gun seemed to be cleaner after I fired those rounds than before I began. However, these are REALLY hot rounds and more than a tad too painful to shoot for my delicate hands, except on special occasions.