I do a lot of small caliber high speed testing and from my findings the Oehler 35P is MUCH, MUCH more reliable unit then the older CED Millennium units for that purpose. I worked with the CED reps. on this and spent a TON of time trying to get readings using the IR kit, blast baffles, blacking bullets and using other tricks. The older units just were not up to the task of reading 14 caliber bullets in the 5000 FPS range. I don't know how the M2 version does and have not completed any testing with them but I do believe they use the same sensors.
I can say I switched back to the Oehler 35P's and never looked back. I run a dual set of them in tandem at the muzzle and 3rd unit down range to help calculate bullet coefficients. The Oehler 35P units have been VERY reliable. I'm currently pushing past the 5000 fps range with some new bullet designs so I will repost if the Oehler units hit the wall here.
I can't tell you how many times I wanted to put a round through the older CED unit because of frustration trying to get readings during ladder load testing. Spending all that time loading up rounds to have a chronograph miss round after round or read very, very intermittently was extremely frustrating and a big time and resource waste.
I wish you the best of luck on your upcoming shoots,
Carl C.
Extreme Accuracy
www.14caliber.com