There were some Reserve units with M203s but they weren't Infantry.
10th Light Horse in Western Australia had 203s before the introduction of the F88, I don't know when they took them on strength but I saw them myself during the 80s and early 90s.
It was a source of annoyance because those of us in Infantry units in WA couldn't get them for love nor money but 10 little ponies had 'em!**
** To be fair, 10LH was not a large unit, they were a single Armoured Recce Squadron and typically understrength. So it's not like they had dozens of them, I'd take a rough guess that they probably never had more than about a dozen 203s in total.
Still... they had them, we didn't - of course we were envious!
As for 203 versus 79, my accuracy was "okay" with the 203, I could generally get rounds on target but I was never as quick with it as I was with the 79.
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