I bought one in a 44 mag at the same time a friend of mine bought a 357 mag, so I got to try them both.
No complaints, but its a heavy gun you should realize.
For the money you can purchase a marlin 1894 cowboy in 357 magnum, which I shoot far more then the Henry.
Pros:
Very pretty gun
Due to its weight you will feel VERY little recoil with the 357 magnum
Fit and finish is excellent, and the action is smoother then my 357 marlin by far.
If a part does break, Henrys customer service is excellent
Cons:
The fine finish is very delicate so dings and scratches will show up pretty easily.
The octagon barrel is NOT TAPERED, which means you have a 3 foot crowbar for a barrel and the balance suffers, once you try a TAPERED octagon barreled marlin, you will realize how ungainly the Henry is.
The tube magazine is the rolled type with a seam, its just cheap.
The rifle itself is very bulky, compare its size to that of a marlin or a winchester 92 and you will see.
If its just for range shooting, plinking and the like, its an excellent gun. If you focus more on performance then aesthetics, then go for the marlin cowboy.