I have four carry pistols with RDS and I have shot them a lot over the last four years. I sometimes carry my Shield gen 1 9mm AIWB. (I’m not sure what your reference IMWB means.) It has the Shield (RDS Manufacturer) 4 moa red dot sight machined into the slide. It is the version 1 sight. Since then Shield has come out with a compact model RMSc that is the same length but a little narrower, and another model that has water “proofing” features the others do not have.
The Shield family of RDS sights have been around a long time, I believe almost two decades. They are best known for their more entry level sights called the JPoint here in the US. The JPoint has the same length as the higher quality and more expensive Shield RMS. Thus a slide cut for a JPoint will fit the RMS and I believe even the mounting holes are the same by design. The RMS is the smallest size (length, width, height) sight for a handgun so it is targeted at the compact market. Other more robust sights (Trij RMR) are much bigger and more expensive and typically require taller iron sights to co-witness.
You will note in company descriptions that S&W says very little about the optic they can mount on the 4” Shield. This is most likely because it is one of the cheaper Shield optics. The good Shield RMS sights are about the minimum for CCW in robustness and features, but their size and reasonable price make them a good choice. They are sometimes hard to find here as Shield is an English company. I would not trust my life to a JPoint quality optic. S&W’s price with the optic is also noticeably low for a mounted optic, inferring they cut $$ corners with the optic. There are a number of other threads on this here and elsewhere.
I like the idea of a 4” Shield. The new grip texture by all accounts is somewhat aggressive for some people to carry. Simply gently sanding sharp high points of the checkering fixes that issue. The optic slide cut will accommodate the better Shield optics. I’d get the cut model and supply my own better optic.
However, the fiber optic sights S&W is putting on that Shield are not good to go for CCW both because they are relatively bulky and fragile, but mostly because they will present a colorfully confusing sight picture when paired with a red dot. Stupid rookie mistake.
Now, as to the wisdom of putting an optic on a compact carry gun. The only real drawback is the expense. Other than that, optics are a faster, more forgiving sighting system than irons once you get the basics of correct pointing mastered, and you can still use the irons. With the Shield/Shield setup, you will still be able to use standard height iron sights and co-witness through the optic.
The Glock 43 makes an excellent host for a Shield RMS and would perform well and be able to be set up the way you need it for little more than buying the Shield with its baggage. You would still be shopping a la carte as plastic Glock sights should be replaced, you need the slide machined, and you would have to buy a Shield RMS.
I would be happy to share more to help you with your decision if the above is helpful. PM.