It's true that the P2 has a better warranty, but chances are the PM will actually last longer.
The PM are designed as marine batteries, as you can see from the specs the PM2 is heavier (by 3 lbs) while being a lot smaller (585 cubic inches to 752 cubic inches), and also has more power. From everything I've read, that indicates that the PM-2 uses thicker and heavier plates. Thicker and heavier plates tend to give a larger capacity and are better able to hold up to a deep discharge than thinner plates. Thicker plates cuts back on how much the battery can push out for cranking, which is why auto/starting batteries generally have high CA/CCA and low capacity. They also hold up better to vibration/bouncing/etc, which is expected in a marine environment but not in an auto. Marine batteries are also general subject to much deeper discharges (and are designed for such), while auto batteries might never drop below 95%.
So as far as the warranty goes, the PM1/2 is for a very abusive environment, while the P2 is for a very mild environment.
For wheeling, we're more like a marine environment than a typical auto environment. We bounce around, and the battery takes a lot more abuse. Many of us run accessories off the battery when in camp, which drains it more.
I think both batteries look like good choices, and both will last. The P2 is also an AGM battery, which generally means thicker plates to begin with.