I'll admit it, I've got an odd fascination with caliber conversion just because it's possible, and because (no matter how likely) a different caliber might be useful.
I bought an M&P 9 2.0 5" FDE when they were first introduced. I liked everything about it, especially after adding an APEX trigger. In truth, the best part of an APEX trigger kit is the striker block. Every stock M&P trigger I have ever felt, Gen 1 or 2.0, has had a lot of gritty creep. The APEX striker block is the cure. The rounded and polished top allows the trigger bar to lift it without grating over a sharp angle. Every. Single. M&P.
I had Gen 1's before, but I'd either given them (to my kids) or sold them when the 2.0 came out. As we all know, the important parts aren't interchangeable. When PSA had them on sale, I also bought a compact 9mm in FDE.
A month or so ago while looking for parts for a friend, I ran across a .40 S&W 5" FDE slide on Ebay for $66. New. After looking at it and not buying it, I got a coupon lowering the price to $59, so I bought it. I figured that getting a slide completion kit would be simple and cheap and I was right. The barrel was tougher to source than I thought, and the priciest part of the conversion. The trickiest part of the conversion was the recoil spring. I'd assumed from the beginning that it would be the same as the full size or 5" 9mm. Nope. I couldn't find anything about the recoil spring being different than the standard 9mm /.40 S&W. I had an M&P 4.6" .45acp and out of curiosity, I tried it since it was longer than the 9mm recoil spring that didn't work. And to cut it short, the .45 4.6" recoil spring assembly worked on the M&P 40 2.0 5". I took it to the range last Saturday and confirmed it worked just great. I had several sets of stock sights so my overall cost was $59 for the slide, $134 for the barrel, $83 for the slide completion kit and I don't remember how much for the .45acp 4.6 recoil spring assembly. I checked gunbroker for .40 mags and ended up buying a 5-pack of used LE mags for about $60. Add shipping costs to all parts.
Yes, I know that .40 isn't any more effective than good 9mm. Yes I know that .40 is more expensive. I believed I already announced my relationship with conversions as an obsession. If there was a .22LR kit, I'd buy it. I justify the money spent on this as an option for the next time we have a shortage of 9mm.
The next conversion might be of more interest. There is currently a sale and rebate in effect on the M&P 10mm 2.0. The 4.6" barrel with a holster and 4 mags for $599. Minus a S&W rebate for $100. I've already received the rebate (a debit/cash card) and spent it on groceries. So $499 total for a 10mm with a holster and mags. Took it to the range and tried it, recoil was less than I expected and less than .45acp.
I'm not going to bore everyone with my mistakes and the history of my progress. Suffice to say that if you want a .45 conversion, you need the .45 slide group, a .45 locking block and most tricky of all, a .45 slide stop. The latter is a slide stop that fits the .45 compact and full size 2.0, AND THE COMPACT 9MM AND .40 S&W. The 9mm, .40 S&W and 10mm use the same slide stop. Yes I appreciate that there may be some versatility and savings in using the same parts across multiple platforms is beneficial to the shooter and manufacturer, but it isn't intuitive.
I also tested this at the range last Saturday. If this does you any good and saves you some money, my purpose has been accomplished. I can shoot .40 in the conversion and it actually runs just fine in the 10mm with standard 10mm mags. .40 mags will lock, but easily unlock, so I wouldn't bother.
I like conversions for the utility of having an optional, cheaper caliber when needed. I like having a conversion without a 2nd frame. And if my mental illness helps anyone with their own, then it's been a good day.