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No, thesheepdog, they only look alike/cosmetically - because the designer was said to have wanted to replicate as close as possible the handling of the M1 Carbine.
The M1 Carbine, and Ruger's Auto Carbine are entirely different designs, though - with the .Ruger designed totally around feeding/shooting a .44 jacketed 240gr bullet.
BTW - The M1 had a detachable (clip ?) magazine, while the Old Model Ruger .44 Carbine had a tube magazine.
It was only with the later Deerfield .44, based on Ruger's Mini-14, that Ruger used a detachable - but rotary, of course - magazine.
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