The only advantage of M995 is that it fires out of an AR/M16 and if that is all you have then maybe the AP might be useful? In miltary service it's is seldom seen for use outside of linked belts for M249s, that is the M995s main purpose in life. I agree that if one is anticipating a need for hard barrier penetration than 5.56 is really not the best cartridge for that.IMO the value and effectiveness of the M995 is questionable as there are other superior surplus API rounds perfectly legal to buy.
The only problem is people are taking advantage and charging too much for them...
500 RDS 30 06 ARMOR PIERCING TUNGSTEN STEEL CORE : Rifle Ammunition at GunBroker.com
you also find 308 online and in Gun shows under the M61 surplus denomination either surplus ammo or loose bullets to reload also overpriced.
100 RDS FN AP AMMO 1976 M60 M14 HK91 m61 M 61 : Rifle Ammunition at GunBroker.com
A total waste IMO given the amazing performance of the old M855 penetrating steel same as the affordable 147gr fmj M80 and alike.
I mean, both go through 1/2 of steel where the 7.62x39, blackout and other "defensive" calibers will fail.
IMO if one is going to pay those parasites who take advantage selling ap ammo then one might just as well go and get premium
bullets ordering the steel tip vs. the aluminum one like alco. These high precission bullets are used by operators to provide tactical
advantage specially by the long range capabilities but also by the amazing performance in hard targets.
I think official API makes no sense for the average guy that might be spending more and getting less in the end.