Don't know about which is better, but a PM-40 would be a handful. Gun makers cannot repeal the laws of physics thru advertising claims, and a full power .40 round thru a small, lightweight pistol is pushing the envelope a bit. I had a Kahr CW-40, and while I didn't find it as punishing as Internet lore made it out to be, it was still a handful. The same round in an even smaller, lighter pistol...well, I don't think I'd want to try it. The Shield in 9mm, on the other hand, is generally thought to be a relatively mild shooting combination.
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