I would not like that to happen in an emergency.
I totally agree with your thoughts and opinions on the subject.
If I could buy every H&K M7 in the world (PSP, P7M8, P7M13, etc.), I would. It is by far my most favorite handgun design - rooted in pure ingenuity. If it's the only handgun you have - go ahead and carry it. If you use other handguns, even infrequently, I'd pass.
Would I ever consider carrying it or using it for home defense? Absolutely not. Any lighter polymer semi-auto will perform equally well if not better in a self-defense situation. Not to mention, the thought of it sitting in an evidence locker getting beat up is frightening.
I've gotten into debates over this before. I love the P7, 1911s, revolvers etc. but 99.9% of the time your best viable option is a Glock, M&P, or other common service pistol. Will the 1911 or P7 work? - certainly! But is it the absolute best choice? - even most 1911 folks would agree its probably not...
Ironically, the New Jersey State Police switched from the P7M(13 I believe?) to the S&W 99 and after encountering issues with the S&W/Walther, the officers were asking for their H&Ks back. I think they're on the P229 now.
Anyways. The P7 is a great handgun. I'm not a fan of gold Desert Eagles and the such, but even I can't deny that this P7 in Titanium Nitride looks awesome!