I've never fired a carbine in auto, and it was years ago when I had a couple of shots in semi. My brothers Rem R-15 appears to be a middy with an 18" barrel, that seems as, if NOT smoother, cycling as the 20" rifle system. It might be he was using .223 instead of 5.56.
There is evidence the Military Carbine M4 is suffering more stoppages and malfunctions than the Rifle version Military M16, that's arguably apples and oranges, because an AR version of each won't do full auto burst, which is much more stressful.
I also saw lots of posts from people that have fired both, and say the cycling of the middie is far smoother than the carbine. SO, for my build I decided to go with a Middie. You'll see lots of posts from people with Carbines that will tell you they never have a problem. And I would think there is nothing that should stop you from having a Carbine if that is what you want. Just from a pure pro-con list, all things being equal, I see a lot of poeple weighing in on the middie to be smoother and less likely to suffer some problems a Carbine could develop, BUT no one has presented real evidence of that. NOTE: I said all things being equal, I'm sure a poor quality Middie would suffer problems before a high quality Carbine. As well, it wouldn't surprise me if reliability and wear would be splitting hairs with No real evidence either way, the choice may be more the factors listed above. i.e. smoother lesser recoil, longer sight base, etc.
Don't forget the market right now, its difficult to find anything, and when you do have an opportunity to get something at a good price, you're probably smarter NOT to pass it up. So, I think you'd find a lot of people would agree in this market a Carbine in hand is better than a Middie on Back-Order. Unless you see advantage you really want, if you grabbed a more common carbine if you found it, likely you would be a happy carbine owner like lots on this board.