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I own several of both, and the PM2 was my first Spyderco ever. For me personally the Para 3 wins hands down for EDC, but I also work in an office setting and also prefer smaller knives. Oh, and I actually prefer the LW over the G10.
My 3 favorite Para 3's.
Untitled by Caleb Bender, on Flickr
I agree on the lightweight. I like the smaller lanyard hole and standard deep carry clip.
This may sound crazy, but I really dislike the lightweight models. I have nothing agains FRN, but FRN without steel liners feels "cheap" to me. Also the blades were not centered on the LW models I have seen. I love the sturdy feel that liners provide and to me blade centering matters (I know it is silly).I agree on the lightweight. I like the smaller lanyard hole and standard deep carry clip.
I'm of the opinion that 3.5" is the smallest folder carry. The pm2 is nice, but
I wish they sold a PMxl
The Military?