Fact is, the Mini-14 was intended by Ruger to be a .223 version of the M1 Carbine. It uses largely the same operating mechanism, and looks and otherwise functions just the same. New Mini-14's are also quite accurate; it was the earlier ones with out-of-spec barrels that gave it its poor reputation. The M1 Carbine cartridge slightly exceeds .357 Magnum ballistics and power. However, it is still within the handgun range. The .223 is within the rifle range, and greatly exceeds the power, range, and penetration of the M1 Carbine round. However, at the ranges you are likely to use such a rifle, it typically will not matter; without a scope, your effective range is probably going to be well within both cartridges' effective ranges. Ultimately it depends on what you are intending to use it for. If hunting is on your agenda, go Mini-14.