P-39 Expert
Non-Expert
The AAF and Navy both were moving to 4 .50cal MGs (about 600lbs with ammo) as was installed in the P-51A/B/C , the FM2 Wildcat and the F8F Bearcat. The Navy evaluated the 20mm cannon as being worth three 50cal machine guns and AHT says the 37mm cannon was equivalent to the 20mm. Add the two 50cal nose guns, reduce their fire about 25% for synchronization loss and they are worth about 1.5 50cal guns. So the cannon and two synchronized 50s (400-575lbs) were equivalent to 4.5 50cal MGs. Plus centerline fire. Plus the exploding shell. Pretty potent armament. If you want you can have 10 50cal MGs but that will cause a severe weight penalty. It was all about the weight.One cannon and two .50s ain't really a suitable armament suite for 1942-43 in a plane that is struggling to keep up on performance parameters as well. Add in short range and limited altitude performance, meh.
There's a reason it was passed over. That was that it didn't deliver on promise.
The 1943 P-39s with the -85 engines were fully the equal of the F4U-1, F6F, FW190A, Me109G, Typhoon and superior to the A6M and Ki-43 both in speed, climb and altitude performance. I can post the graphs again for you if you want.