History of the 12Y/M-100/M-105 series goes something like this.
1932, the 12Y is placed on the Market.
1933 the Russians enter into negotiations with Hispano- Suiza for licence production. Jan, 1934 sees an engine drawn from a French contract set up for a 100 hr test run, it breaks it's crankshaft in the 11th hour and develops cracks in the cylinder block jackets. Hispano-Suiza adds counter-weights to the crankshaft. Con-rod ends, cylinder blocks and crankcase are reinforced, diameter of gearbox shaft increased. Weight is increased to 475kg. Tests are completed to the Russians satisfaction but but long running at max power still resulted in malfunctions. tests finished March of 1934. A member of the purchasing commission proposed accepting the engine in the original form but derated to 750hp at which level it's service life was long enough to be acceptable.
June 14, 1934 the contract is signed with a provison that Hispan-Suiza keep the Russians informed of all changes to production engines until the contract expired March 26 1938.
1935, March sees the first Russian M-100s leave the shop with many French supplied parts. Max rating is 750hp.
1936, March sees the introduction of the M-100A with strengthened blocks, modified valves, higher supercharger pressure and a max rating of 860hp. Work starts on M-103 model.
1937 sees th estart of the M-105 project.
1938 sees the introduction of the M-100AU with increased service life. It also sees the introduction of the M-103. Increased compression ratio, changes supercharger drive ratio, boosted rpm, strengthed cylinder blocks, new gas seals, crankshaft with caps(?) new pistons. Max power is 1000hp and weight is now 495kg.
1939 sees the M-103A introduced with the same power rating but cylinders of decreased diameter, strengthened crankshaft, crankcase, cylinder blocks sand cylinder liners. M-104 is introduced, a M-103 with 2 speed supercharger, basically it picks up it's 1100hp max rating by using less supercharging at low altitude ( less power to drive the supercharger and less heating of the intake air) The end of 1939 sees the start of M-103U production which is a M-103A with longer service life. This year also sees the first M-15s flying in prototypes. Russian accounts are confusing, July 1939 is supposed to be the start of production but Oct 1940 is when the last of 50 of the first production batch is completed with a number of changes.
1940 is the year that the M-105 is really showing up, with (again) strengthened crankshaft, crankcase, cylinder blocks, con rods. three valve heads and two speed supercharger drive. first versions weigh 550kg and have a max rating of 1100hp. This goes to 570 kg very quickly as improvements are made to stop cracks in the valve boxes and main crankshaft journals and burned exhaust valves. The M-105P is also "introduced" during 1940 (May 1940 officially) although flying earlier. Max rating is still 1100hp but weight is now 600kg.
1941 sees the M-105PA introduced with the same nominal weight and power rating but described as having a strengthened crankcase and stiffened con-rods in addition to other changes.
May of 1942 sees the M-105PF introduced with boosted supercharging. The change increases power at low levels but decreases power at higher altitudes. Power is now 1260hp for 600kg. later series engines have strengthened crankshafts. Engines in training units and flying schools have the pistons modified for lower compression and power but longer service life.
The summer of 1943 sees prototypes of the M-105PF-2 and 1944 full production at a max power of 1290hp.
Basically it took the Hispano/Klimov series until 1943/44 to get to where the Merlin III was with 100 octane fuel in 1939/40 and with dubious reliability. In 1939/40 the Hispano/Klimov series was about 100-200hp behind the Merlin III on 87 octane depending on altitude. The Peregrine is about 100-200hp behind the Merlin III depending on altitude.