Yes, it seems the Berhringer's equivalent of the M2 is the UMC202HD.
Yeah, I looked at that.
Still, I'm afraid of getting burned by another unit with insufficient gain.
All the manufacturers quote gain by some obscure number.
It's not like "with input at -60 dBm you can get 0dB FS with the gain set at 75% rotation".
It's more like, "Our device has 120 dB gain input to output!" i.e the output level is cranked.
A better question would be, "Could I Zoom with this and a dynamic mic?"