FWIW, I consider the FN 49 a decent rifle, but far inferior to the M1. It is slower to load, gets dirtier and is harder to strip for a good cleaning. Its only advantage is that as a commercial military rifle which had to work with a variety of local ammo, it uses an adjustable gas system. The M1, made for only one nation with rigidly controlled ammo production, had no need for adjustment.
The .276 Pedersen was a decent round, and would probably have served well for purely anti-personnel, but would not have been as effective on light armor and vehicles. Nonetheless, the reason it was not adopted was the huge quantity of .30 ammunition on hand in the 1930's. When the decision to require use of .30 ammo was made (by Douglas MacArthur, then Army Chief of Staff), Pedersen dropped out of competition; his rifle could not work with the more powerful round.
The .276 Garand rifle that would have been adopted used a ten-round en-bloc clip, not a detachable magazine.
BTW, ballistics of the .276 were a 125 grain bullet at 2690 fps muzzle velocity, and a muzzle energy of 2012 foot pounds. For comparison, the Caliber .30, M2 ball fires a 152 grain bullet at 2800 fps for a muzzle energy of 2656 foot pounds.
Jim