Duke, you should have worked on it a little--an H&K extractor will do wonders for the SW-5s.
Mine has never had a problem, although it is one of the early ones whose measurements were a bit off--cocking tube is a tiny bit too long (we're talking maybe 20 thousands here), so is the receiver. None of that has ever affected its function, however. Very robust and very accurate 9mm carbine--I have a red dot sight on mine and take down bowling pins at 200 yards. That's not bs. Anything within 50 yds is dead meat--it will cut the center (or the head, if you prefer) right out of those B-27 targets.
I have both kinds of mags, straight and curved and both work fine with ball ammo. I shoot mostly lead 125gr. reloads pushed by Bullseye. It eats as much ammo as a real subgun! It is nothing to empty a 30 round mag when there is no recoil and double and triple taps are so easy. I wish I could have a real sliding stock and not the fixed A2 jobber...
One comment: If I had it to do over again, I'd probably get a 9mm or 45ACP upper for my AR or build a dedicated sub-caliber AR that uses sten or uzi mags. Same damn thing, about 1/2 the cost of the SW, not to mention the spendy H&K mags.