I didn't know Ruger did MIM. They certainly legitimized casting as a way to produce good firearms parts.
I guess it was Remington who got us used to stamped gun parts in the 870 and other 1950s guns.
Glock wasn't the first plastic pistol but they were the first really successful one.
I see two problems with MIM
First, it has generally been used to keep cost down. The mold and other equipment are expensive but once you are set up, you can turn out parts like doughnuts. Unfortunately, if you get something wrong, it will turn out scrap faster than ever before possible.
Second, it works better when the method is considered when the part is designed. The P320 mentioned above is a good example.
An example the other way is the name brand 1911 company that adopted MIM early on, substituting molded parts for machined. They sold a lot of guns with slide stops that could not be counted on to engage. I figured they got the detail shrinkage wrong, that is a complex little shape. They finally rectified that problem, probably with a new or modified mold. The next generation of slide stops engaged every time, sometimes when not wanted. At least that could be fixed by filing the lug so it was not bumped up by the next bullet, a fitting step sometimes needed by milled parts.