The M4 has better output performance than the M2, but both have low noise pre-amps on the input side.
If affordability is an issue, the M2 is a great starting point, and gives a lot of bang for buck for being sub $200.
After watching the video to the end, he does an interesting test that seems to show the M2 having issues with distortion being added to at least the line inputs while recording as the headphone volume is turned up. That's no good.
I'm curious about his other tests, especially the listening test he did - some of those interfaces don't have great readings on the headphone outputs, especially for impedance. Low-impedance (as close to 0 as possible) headphone outputs with plenty of power is what you want. An Impedance of 4ohm can drive headphones at or above 32ohms cleanly, but many budget interfaces have a headphone output impedance of 10ohm or more. So they are going to color up headphones if the Headphone impedance is less than 100ohm, or any part of the frequency spectrum that falls below 100ohm