Back in the 80's, I saw a letter on Glock letterhead sent to dealers that recommended the use of hot ammo over the generic factory stuff, due to function problems many people seemed to be having. They specifically mentioned the IMI "Black Tip" carbine ammo, which was pretty warm at the time. It was the only 9mm that actually started to fire form into the flutes on my MP5. I dont know if it was really that hot, or the brass was not as heavy.
These days, you dont really see to much if any surplus 9mm ammo thats being sold as "SMG use only" ammo. I've shot a good bit of it over the years, and its varied quite a bit in power. You also have to watch, as a lot of it was corrosive. In that respect, you especially want to stay away from the Egyptian marked 9mm packed in the 36 round boxes.
As far as what it might do to your gun, if you use it, I'd definitely keep a close watch on it. This is the upper on my SWD M11/9mm (SMG) that didnt make it through a 2000 round case of Spanish SMG ammo from the early 80's before it started to fail. The same gun with a new upper, has had who knows how many tens of thousands of rounds of commercial and NATO 9mm through it since at this point close to 25 years after it was replaced.
That Spanish stuff was hell on wheels while you were shooting it, and it bumped the cyclic rate up quite a bit. That, and the way the wire stock cut into your cheek were an instant indication it wasnt your basic 9mm.