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yes it will work and feed both 3657 and 38 special reliably I would avoid 38 special wadcutters as they do not feed as well

Hi David, Henry calls the the Large Loop Lever, although it is not as large as some other models. Stay safe & have a great day!

Hi David and welcome. This loop is a midsized loop. No standard or large. A true large loop looks like this : https://www.budsgunshop.com/product_info.php/products_id/128837/henry+h012gcr+big+boy+carbine+side+gate+.45+lc+7+1+16.50+american+walnut+blued+right+hand+with+large+loop

That's really not what you call a large loop lever. This model below has a large Loop handle. https://www.budsgunshop.com/product_info.php/products_id/128844/henry+h012gmr+big+boy+side+gate+carbine+357+mag+.38+spc+7+1+16.50+american+walnut+blued+right+hand+with+large+loop