It will not work with the .45 ACP. If you get the .40, you can definitely do the .357 SIG. There are plenty of folks who get the 9mm barrels and magazines and they report it works most of the time. That said, S&W does not recommend it and since the .40 breech face is different in dimensions from the 9mm, you end up with sloppy extractor fit, and increased likelihood, upon ejection of a live round, for a wobbly round to strike the ejector. Remember, when a sharp, pointy thing hits the primer, you get a discharge. A discharge is not bad with a chambered round and the sharp, pointy thing is the firing pin upon you pulling the trigger. The ejector firing a round, and it is well documented that this happens (thankfully, rarely), is not good as, by definition, the round is not chambered and there is nothing to contain the pressure and injury will or can occur. Thus, be cautious if you try to fire 9mm out of your .40. If you want to shoot "on the cheap," get an M&P in 22 LR.