In terms of .357s I use a 8" Colt Python for competition, but I have scores of friends here who use the 686 with a 8 3/8 barrel. The standard recipe here would be a 158gr XTP over 15.3gr VV N110 which is heavy for a 158-grainer but not heavy at all compared to a 200gr load. The 686 frame is very strong though so I would not hesitate at all shooting a heavy 200gr load with it.
On inserts: do you mean the plastic red insert? IMHO, that's completely useless for most purposes. Fill the space with plastic padding or the like and paint it black instead...