For a general carry, hiking and home defense firearm, I'd opt for the SP101 in .357 mag. It's lighter weight and a little more compact than the GP making it more comfortable to carry, particularly if you're going to be hiking with it. Getting it chambered in .357 gives you the option of shooting 38 special loads or higher powered .357 loads when you believe it might be needed. I have one in 357 mag with the 2" barrel. Even with full powered magnum loads, it's still very managable. With +P 38 special loads, it's a dream to shoot.
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