M124P is forged 4032 alloy
M142P is the "mixed" blend used on the IE pistons
M-SP25 is the 2618 alloy
chemical composition

forged

cast

typical crown temps are in the order of 250-300C
skirts much cooler maybe 100-120C
lets compare cast to forged.
"strength" forged 4032 is a step up from cast regardless, others offer slightly bigger incremental steps
"ductility" forged is better and 4032 is only the same as cast at room temperature which doesn't matter in a running engine. 4032 is actually superior at high temps.
forged vs forged
M142 is slightly stronger than 4032 and 2618 is stronger again especially at temp.
4032 is more ductile than M142 other than room temp and above 150 is superior to 2618
both 4032 and M142 are superior to 2618 by >30%
it should start to become apparent where you would use certain alloys. if the pistons going to get very hot, see very high loads / knock, and doesn't need to cover alot of miles then 2618 is the go. for everything else there might be better tradeoffs.
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