The CMMG and the Ceiner conversion units are both of the Atchisson design. They work pretty well, but like any .22 rimfire they are very dirty. The AR lower receiver will get dirtier sooner than it will from shooting 5.56mm.
I used a Ceiner unit for years on my Bushmaster AR15 in my backyard range. It has shown excellent reiliability. The difference in rifling rate between .22 RF and 5.56/.223 is often cited in discussions on this topic, as this affects accuracy of the rimfire rounds. Practically speaking, if I do my part I can hit a 6-inch steel gong offhand at 70 yards 7 out of ten times on a good day. That's plenty good enough for me.
Far more significant limitations are first, that the rifle must be throughly cleaned after putting several hundred rimfire rounds through it, because the centerfire chamber -- into which the rimfire adapter must be inserted to sh0ot .22LR -- may get too dirty to reliably chamber the centerfire ammunition. Second, the sights will have to be re-zeroed since the points of impact will vary significantly between centerfire and rimfire.
Full disclosure: I now shoot a dedicated CMMG .22LR upper to avoid the issues mentioned in the above paragraph. Accuracy is improved as well. But the bottom line is that the conversion units are well worth their initial cost if you want to shoot your AR frequently. If you do go this route, buy Black Dog magazines and a Lightning Loader from McFadden machine.
Oh, and I'll add Semper fi, Devil Dog. Although a sailor, I spent 6 years in the FMF in 2d ANGLICO.