I have some friends with them. Very reliable with heavy 2 3/4" loads, 3" loads, and 3 1/2" loads. Less reliable if you want to shoot light 7/8 or 1 oz loads.
Unless you need to fire 3.5"shells the M2 is a more reliable trouble free shotgun overall.
This is my experience, I have no need for 3 1/2" shells, but will shoot a lot of lighter loads for clays games. I have the older M1, but if buying new today the M2 is a better fit for me.
But if you want to shoot long range geese with steel shot the 3 1/2" shells make sense.