I would think they'd be about the same as the P2 just has the additional hardware for that mode. However, your hit and miss reception is more due to simulcast issues, which are discussed in detail in the wiki. Many folks (myself included when I had my 396) found that reception was better when I had the attenuator on, since I was likely receiving from 3 sites at the same time. Another solution that has worked for some is to use a yagi (they're very small at these freqs) to point directly at one site which defacto reduces the signals from other sites outside of its' coverage area.
Mike