Things have changed quite a bit since the time of phil sharpe.
In his day, 38-55s were loaded with special high velocity powders by the factory, for specific actions. There was lil thought or consideration for longevity of the firearm, an it was assumed that the user would be smart enuff to just use em in the offically sanctioned guns.
The 375 is not directly interchangable w/38-55. This should be obvious. There is nothin wildcat about the 375 nor 38-55, an those who load to +P+ levels are not makin a wildcat.
Even heavy loaded 38-55s were low pressure numbers compared to the 375. If I recall correct, the Western HV loads clocked at around 1750 fps with a 250 gr bullet. Using this as a baseline, even todays so called modest loads of 1850 seem a lil steep.
If you or anyone else has a burnin need to load a cartridge to the point of a grenade, an publicise it, then expect somebody to wave a red flag.
What is really irrelevant is tryin to turn every levergun cartridge into a competitor with todays short magnums for borin bolt guns.
It can be argued indefinitely about loadin levels, component choices, an action strengths, but the real value of leverguns an traditional cartridges today is their low muzzle blast, handy dimensions, fast aquisition, an effective-yep effective cartridges at what seems like crawling speeds in todays world.
Its the nature of man to always work to improve, but its also the nature of man to recall whats valuable, what works, an stick to it.