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Why not go with the 200 gr. FTX? It is designed for the .35 Rem. so should work fine in the Maximim. It provides a .300 BC vs .160 for the 140 gr. I would have to run the numbers but I think you would get better overall ballistics particularly in the energy department. I was looking into the Maximum cartridge years ago and if IIRC the 200 gr. bullets had an advantage out of a 14" barrel over lighter bullets. You just have to pick one that will open up at the lower velocities.
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You pointed out the problem in your last sentence above. The velocities on the 357 Maximum are just slow enough with the 200gr rifle intended bullet's that positive expansion is only assured out to about 140 to 160 yards or so. As I researched the testing others had been doing in states with similar the new law to Iowa, it became apparent that finding a high BC bullet was easier than getting suitable bullet's that will work properly across the 30 to 300 yard range. Penetration problems at closer range can be an issue if the bullet is too lightly constructed, and expansion problems at the 200+ yards where the 357 Max really shines for a straight walled pistol cartridge limited state. The 357 Max is effectively equal to the 300 Savage and can get close to 308 Winchester if you really hot rod it. I'm getting good velocity and excellent accuracy with both the 140FTX at 2500fps in my gun and the 180gr Hawk bullet at 2050fps in my brothers 20" Contender at modest pressure levels.
All of the FTX bullets have a lock ring that reduces the likelihood of jacket - core separation on close shots, the Hawk bullet's are constructed like Partitions or H-mantel bullets. Deer are not armor plated, hit them in the heart-lung's with a suitable bullet and they will not go far.
Hopefully after Iowa see's a couple of years of safe hunting with straight walled cartridges, we will eventually have all restrictions removed on suitable centerfire rifle cartridges. Slugs and deer drives are far more dangerous than everyone sitting in tree stands or ground blinds, as illustrated every year by Iowa's far higher accidental shooting rates than all of the surrounding states that allow rifles during deer season.
I do love the fact that my friends are going to the 444 Marlin, 45/70's, and 450 Bushmaster's this year for their deer rifles. Warms my heart when my fellow hunters follow Robert Ruark's advice to "use enough gun".