Hi topflan,
I bought a GP-100 4" .357 mag last year and took it to the range with .38 specials to give it a trial run. On the bench at 25 yards, the best I could achieve was 5" to 7" groups. I was very disappointed and had almost made up my mind to trade it for something else. I decided to give it another try with .357 mag. ammo and see if it was better and low and behold, I was achieving 1" and 2" groups.
From here on out I will use a .38 special revolver for 38s and a .357 revolver for 357s.
From what I gathered, there may be different groove twist rates for magnum and non-magnum pistols.
I think that if you plan to shoot exclusively .38 special, you should use a .38 special pistol.
I am very interested in hearing some of the more experienced revolver guys chime in.