Is the current system performing adaquately?
How much is it going to cost to change systems?
Is there a better way to spend that money?
The truth is that the M-4/M-16 is adequate. I don't think it's the best thing out there, but the cost of replacing it for all branches of the service is huge. This doesn't even consider the fact that we strong-armed NATO into adopting it as the standard NATO caliber.
We're arguing the standard "Big Slow versus Small Fast" argument that has been unsettled for a hundred years.