I seem to recall reading articles comparing 357 Sig ballistics to the venerable 357 Mag when the round first came out. It came up short on velocity...... more of a pretender. If you want true 357 Mag performance in a semi-Auto carry gun, get a 1911 chambered in Win 9x23. As easy to reload as 9x19 and feeds through commonly available 38 Super mags.
I had to do some reading up on the Winchester 9x23 as I was not familiar with it. Interesting round, but everything I read pertaining to brass for the pressure, it was suggested to use nothing but Winchester brass if your barrel did not offer 100% support. Starline is thinner and bulging in non fully supported barrels. The Winchester brass also has less volume for reloaders, of which I am not. Some guys are using 5.56 brass to make their own as I guess Winchester 9x23 is hard to come by.
Anotber advantage of the 9x23 was more rounds in a 1911 gun. No big deal for me as my P229 has LEO 12 rounders and my P226 has 13 & 14 rounders.
As far as comparable velocities, Underwood's 125gr .357 Sig jhp were measured out of a P229 as per Jay in Underwood's tech department. They are rated at 1475 ft/sec. Buffalo Bore, Corbon, Double Tap, and others are all about the same 1475 ft/sec for 125/124gr offerings. I couldn't find any factory 9x23 loads using a 124gr/125gr over 1450 ft/sec. Underwood doesn't list any, my findings were based on DT, Buffalo Bore, and Corbon. Perhaps initial offerings of .357 Sig years ago were not what is available today.
I also looked at load data and found in the 124gr listings (Load data.com I think it was), none of the suggested maximums end up with a velocity over 1467 ft/sec. Peanuts in terms of difference. These were out of a 5" barrel.
Paul Harrel has a cool 3 part series on .357 Sig that is really informative. I found multiple videos of people hitting +1500 ft/sec out of Glocks with 5" barrels. I searched for some 9x23, but not much there.
In any case, as fun as the 9x23 sounds, it isn't faster than any factory .357 Sig load I found. I wouldn't want to get hit with either of them!