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DanTheWolfman - First, Thanks! That was a lot of work. Some notes...
On this forum, any data that comes from other than "official" 10% ordnance gel will get the side-eye. Good, bad, or indifferent, it is what it is. Also on this forum, expansion is considered nice to have, but adequate penetration is considered necessary and non-negotiable. That's why the default recommendation for snubby ammo on this forum tends to be a full wadcutter - it doesn't expand, but it penetrates 14-16". I understand that the consensus on other forums may be different.
The link you gave didn't work for me. A short search yielded
this one which does. Note that the three .38 LHP loads are pretty close in performance. These are known collectively as the "FBI load", and one or the other was the standard issue for agents for their 3" M13s. Ed Mireles used the R-P version to end the famous "Miami shootout". It was a common load for many LE agencies of the time because it worked and it wasn't a .357 Magnum. My understanding is that the .357 Silvertip load was approved for a very limited number of agents. If you've never shot a full-power .357 load from a K frame, it's pretty spicy. A 50-round qual wouldn't be much fun.
The FBI load also shot to the sights on the fixed-sight revolvers of the time. As you noted, this can be an issue in ammo choice.
In general, older fixed-sight revolvers need 148-158-grain ammo; my '72 production Detective Special needs 125-130-grain ammo to hit POA while my S&W M49 produced about the same time needs the heavier bullets. My 642 needs the lighter bullets, and my 3" and 4" M10s and my Colt Official Police need the heavier ones.
The R-P LHP load has been pretty consistent over time. Your friend got 870 fps from his gun, the FBI test got 871, and it runs 855 from my 3" M10. It's what I carry in my M10s.