I already posted in this thread..but since I'm sniffing around in my own thread about a 17M2, it's a good point stubblejumper raises. I'm still on the fence about any .17 rimfire right now, because for my purposes...anything bigger than a .22lr is a hunting rifle in my world, and there are more effective centerfire calibers for that. I feel like I make that point poorly every time I say that, so I'll expand on it just a little.
I think in some places, for some game, there IS nothing better than .17HMR. Here in S. Ontario, any game that a .22lr won't dispatch easily tends to be on the big side for HMR...save for maybe foxes and coyotes @ or closer than 75 yards. Since I've had not luck calling a wild coyote in that close, and since I've had groundhogs hobble/flip-flop their way back to their holes having been nailed by an HMR @ 100-130 yards, my opinion is what it is. Seeing a groundhog move after being hit by a .223 is an exceptionally rare experience, and I've never seen an HMR nearly make a 1 groundhog into 2 of them @ over 250 yards. In a perfect world, I'd have 3 of my favorite rifles in every caliber I'm intrigued by but in this reality...I need to nail the selection down to what I like shooting, and what does the job. One thing I DO find fascinating is the effect of those 17gr. pills at close range on small game. Gopher hunters (the lucky buggers) know this all too well, but in my own HMR days I was asked to clear some pigeons from a barn one day. From 50' away, those bullets didn't pass through the birds, but boy...the effect they had on them...
Anyhow, short story long, I think HMR is a really interesting hunting round with a narrow range of usefulness~depending on where you live. If you don't need that kind of power/speed/distance, you'll no-doubt start to resent the ammo cost if you shoot targets allot. Granted, if you have deeper pockets than I do, that might not be the case! I blissfully blast away with my .22lr, not a care in the world, when target shooting...have allot of that planned for this weekend in fact. However, unless I'm walking onto a groundhog field...or have some pigeon work to do...I'm looking at that box of HMR ammo and thinking to I REALLY want to target shoot with this stuff?
The inner workings of my frugal mind... Good luck with your decision~I'm pretty sure this post won't help you arrive at it! lol