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I have owned an M1A (the only gun I ever regretted selling), and my son still has his, so I get to shoot it once in a while. I currently own a vintage M1 Carbine, and I really like it. Ammo can be more difficult to find than .308, and it’s generally a little pricey considering its power or lack thereof, but the M1 is a nifty little rifle. It’s very lightweight, and milspec accurate (meaning accurate enough for practical purposes). Technically, it’s supposed to be good out to 300-350 yards, but I think that may be stretching things a bit. Inside of 200 yards is probably more reasonable.

If I owned neither, and had to choose only one or the other, I’d take another M1A. I'll never sell my carbine because it’s the same year and manufacturer as the one my dad carried ashore at Iwo Jima, so it has sentimental value to me. But the M1A is probably a better all around weapon.