The M2 and M4 are both great shotguns and work extremely well at what they are designed to do.
All Benelli semi auto shotguns except the M4 are Inertia Driven, the Inertia Driven system is clean and reliable when used under the conditions and with the loads it was designed for.
Benelli recommends a load of 1-1/8oz at 3 dram eq or more so light target or tactical loads may or may not function reliably especially if there is added weight to the shotgun.
The Inertia system is sensitive to the added weight from accessories mounted to the shotgun such as lights, shell carriers and optic’s (night vision, red dots etc), the system can also be sensitive to how firm or lose the shotgun is held when being fired, like in shooting off shoulder or with your shoulder/back to a wall.
The M4 uses the ARGO (auto-regulating gas-operated) system, the ARGO system will pretty much cycle everything other than super light loads like non-lethal and it will do so no matter how much extra weight is on the shotgun or how firmly it’s held (with in reason).
The ARGO system is pretty simple and very clean running for a gas operated shotgun, the system consists of two cylinders, two stainless steel pistons and two stainless steel cylinder plugs that each contain a spring loaded pressure regulating bleed off valve.
A single hole in each cylinder that leads into the barrel just in front of the chamber channels the gas to power the pistons, the pistons only move about ¼” and push the bolt carrier back to unlock and cycle the action, the cylinder plugs help to keep an optimal pressure level in the cylinders by staying closed with low powered shells or opening up with hi powered shells to release excess gas pressure.
The M4 being designed to serve as the US military’s Joint Service Combat Shotgun (JSCS) (designated the M1014) is built for extremely rugged use in combat conditions and it is noticeably heaver than the M1 or M2 but the extra weight helps keep the felt recoil low and it’s very controllable.
I have had mine for about 8 months and couldn’t be happier with it, it has been 100% reliable with everything from my light target reloads (#8 shot) to max DRAM 3” magnum buckshot loads and can effortlessly cycle through 9 shells faster than I can pull the trigger.