Yep, the 17HM2 stacks up just fine against the 17HMR and 22 Hornet. You just loose a little range, but when not a head shot it saves meat when it's tasty. It is easily capable of head shots at even longish ranges, almost as far as the 17HMR, and farther than most Hornet's from my long experience with them all side by side. No 22 Hornet's or small case 17 centerfires around here anymore, sold them all. But still have a 17HMR and two 17HM2's (and really don't feel I gave up anything in the killing fields). They get it done just fine up to coyotes, and without the endless brass forming and reloading.
With so many tree rat and bunny hunters in this country, I can't believe the 17HM2 wasn't received as well as it should have been. A perfect match up that is far superior in every way to the old 22LR. Glad I bought 3 of them and a life time supply of ammo up front (and for the 17HMR's as well).
Beldings shot with my first of three 17HMR's around 200 yards so early in the season that even with a 3 hour drive to there southern range limit I only found a few that were up. Shot 10 is all that day, but it served it's purpose as a first test of the Hummer on flesh.
And with my first 17HM2 about the same range another year farther north where they were just lousy (in very high numbers). With both 17's they are DRT, the HM2 less destructive unless you hit bone.
California GS's shot with a 22 Hornet and 17HMR at various ranges short to very long. Both exceptional marksmen, but the Hummer won hands down.