What I remember being told about the M8 was that it was a light tank, with its 105 it had more or less the same firepower as the M60 and M1/IPM1. What it did not have was armor, however what it was designed to do (or at least what the Airborne that I talked with) was be dropped and then they could add additional armor on after they had secured the landing zone, that would give it armor of around the same as the M60.
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