Far as whether any Colt or S & W .38 Special made from the early 1930s on, could take the Ballistic Equivilent of .357 Magnum...I am sure they would take it okay...but, only as a once in a while thing, and, even then, it could stran or stretch something in some of them, and thus begin to throw the Revolver 'off' somewhat...which then would amount to ruining the Revolver in a way where it can not be repaired.
If one wants a .357 Magnum Revolver, it is entirely easy to just get one.
If one is poor or of modest income, one can simply be disciplined, start a 'Coffee Can', and, every night, toss all Ones and Pocket-change into it, and, before too long, with a growing row of such Coffee Cans, have enough saved up to buy a very nice used .357 Magnum Revolver of one kind or another.
If wishing for a fairly high condition, S & W 'Registered Magnum', in the original slightly tattered Box, then one would stay with it long enough to have a long Row ( possibly a very long row ) of such Coffee Cans.
So, in my opinion, if one wants .357 Magnum performance, well, just get a .357 Magnum!
That is what the .357 Magnum Revolver was made to deliver!
Don't risk ruining or stretching unto ruin, or bursting a Cylinder Wall ( or worse, if new to re-loading and liable to making beginners' mistakes ) of your trusty .38 Special Revolver.