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Well before this post does die I'll ask a more direct question to everyone. My question is what would you do in the case of your warranty return not being able to be repaired and your current firearm not being in production, would you settle for a gun that did not fit your hand properly, was of smaller caliber, and of lesser value? Keep in mind you have a stock of ammo in your current caliber, already own a holster, and misc accessories for said gun. What would you do?
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You asked, so here goes: Take the 9mm Shield and RUN.
The 9mm Shield is the best of the bunch. The .40 Shield has had more "issues" if you can believe the posts on this forum. The .45 Shield is too new, and I would not trust that all of the "kinks" are corrected yet. And, 9mm ammo is more affordable, will do fine in the stopping power department if you use currently made premium ammo, and you will have less recoil, more rounds in the magazine, and the weapon will have a MUCH better trigger than your 457 ever thought about having.
The 457 was the Value Line version of the 4516, and as such, it occupied a place in the line now held by the SDVE Series (the current version of the original SIGMA).
Frankly, I think S&W is going above and beyond to offer you a new gun. As the 457 is no longer in production, they are giving you what amounts to a current production premium pistol in the most tested and reliable version in exchange for a battered frame, out of production, Value Line model.
Personally, I would take the deal they have offered without hesitation, and hope that my answer were received before S&W changes its mind.

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