Larry -
Welcome Aboard !!? It was probably my post you read with the 0.200" quote. Actually, I believe that was corrected by ID and the seating depth goes up to around 0.300" on some brass. Either way, I didn't mean to infer that was a "magic" number that
must be met.
What you're aiming for is a
range of insertion that will hold the bullet securely
AND allow time for pressure to build before the bullet is released. Of course you need to be using a brand of brass that supports your depth decision.
You see, some of this is science and some of this is "the art" of reloading. For most 124/125gr RN I use numbers in the 1.130 to 1.140" range. You won't be sorry with that. But that only meets the barrel's requirement.
? We don't know what load data you'll be using, but the published load will become your Min OAL. (This is why we asked for this.) So you'll be working between the 1.165" of the barrel and the load data. See the cartoon below...
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?
HP-38 may show up in some manuals as "
Winchester 231". They are
exactly the same powder and you need to know that when you start looking at manuals. Most manuals list one or the other, but not both.
This is an
excellent powder that will be very safe for you to use due to its wide load range. So you can make some novice errors and still be around to talk about it. It will be slightly sooty at the lower end, but cleans up nicely in the optimal load range and is very easy to "read". Excellent first choice.
? In the interim, you'll need to spend some time setting up your Belling at the (#2) Powder Die position, and the (#4) Taper Crimp setting on the last die position. If you need help, then we can assist.
CAUTIONARY NOTE: Your choice of Comp Hammer and CCI primers may not play well together. I predict a 1-5% failure-to-fire rate if your Comp Hammer is accompanied by a reduced hammer spring. If you can find some Federal #100 SPP today while the shops are open you'll be a lot better off.
All the best.

PS. I want you to be collecting a single 38 Spcl brass case, a 6' length of clean vinyl tubing, and a ~1/2" dia countersink cutter today while you're out.