There is a good reason why the CED M2 gets bad reviews: they don't work consistently as they are VERY light sensitive.
I bought one thinking I should have a "better" chronograph than my old ProChrono and really liked the looks of the whole M2 package, so I bought everything, carrying case and all. On cloudy, overcast days, it worked; on sunny days, it wouldn't. When the sun was overhead during midday hours, it worked; when the sun was at an angle to it in the morning, when I prefer to test loads, it wouldn't. Results varied from no readings, error codes for the "start" or "stop" photocells to impossibly low or high readings.
I spoke with an oriental lady at CED, which is located just a few hours from me here in Pennsylvania. She tried helping me but finally said she would have Charles, their chief engineer, contact me. A week or so later, Charles spent a lot of time with me, possibly because I am an outdoor writer, and did exchange every component except the display unit over several months to no avail. I had purchased it directly from CED and Charles initially refused to accept it as a return and refund my purchase price but finally and very reluctantly did. That took some time as he apparently forgot to tell the oriental lady about our agreement before he left for a trip to Asia, but I did eventually see the refund on my bank statement.
The M2's spotty operation was a real nuisance as I would waste my handloaded test rounds trying to get it working. One day when the CED M2 wouldn't work, I set my older ProChrono up right behind the M2 and shot over them while speaking with Charles on the phone. The ProChrono worked while the M2 just gave me error messages. I then set up a 10' canopy over the chronographs and the M2 started working, much to Charles' surprise - he told me it needed light to work but as I said earlier, it only worked on overcast days.
The M2 sure is an attractive setup but as I told Charles when he insisted that the M2 was more accurate than my ProChronos, reasonably accurate readings are better than no readings. I subsequently bought one of the newer ProChrono digital models with their remote bench control unit and it has never failed to work, regardless of the light conditions or time of day. It even has the extras benefit of just one cable running back from the unit while the M2 has one from each photocell.
Ed