To me this makes sense, and I really hope it makes sense to my GM's also. I put this to them so I will end up going off of what every they say but I want to get a feel for this.
So this is my question as an Outlaw Tech with slug throwers. Using Tinkerer, I don't modify my weapons, but my ammo, making them armor piercing so they would gain Pierce 1 or 2. Considering Slug thrower ammo is physical, and I bought extra ammo, this makes completely sense to me but I am hoping GM's won't see this as a sneak around to use cheaper weapons.