Well I'll be. Learn something new every day. If you're lucky that is.
It looks like the PCM has a different stock, grip and trigger. Maybe a different rear sight, but it could be the lighting. And the handguard looks like it comes with ladders installed.
Can't really tell from the pic, but the barrel looks like it might have straight flutes and is maybe a little longer too.
Still can't find a "Laney Chamber" reference for a .22LR. Maybe it's something S&W made up for marketing.
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