In my non-technical opinion, there is no fundamental problem with the metal injection molding process. It is cost effective. It works when executed correctly and used for parts that aren't stressed more than MIM can handle.
This.
I had a catastrophic failure of a Para pistol when the extractor broke. Para engineers came up with a brilliant idea for an extractor, the 4-piece "Power Extractor," then some numbnuts (bean counter, I assume) decided to make it of MIM, turning a great idea into a negative.