Backup camera - moving from a 40D to an EOS M - good or bad idea?

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My wife and I shoot landscapes with our 5Dmk2s. We still have a 40D which comes with us on holidays, but hasn't been used for a year or two - it's purely a backup in case of some disaster out in the wilds of a US National Park.

I took my 5D2 round Goodwood last year, and didn't bother yesterday due to the weight. I wasn't there primarily for photos. My mate had his CSC with him and was snapping away occasionally, whilst I used my phone for the odd shot.

Given that 40D prices are falling, as are the new prices for the current EOS M system, we've just discussed 'upgrading' from one to the other.

The going rate appears to be around £250 for a good condition 40D, and we can get a white M, 18-55mm STM and EF adaptor for £295 after cashback. Given a little movement for negotiation on the 40D and postage for each, I think it can be done for a £100 cost to change.

Pros:
Much smaller everyday alternative to carting a DSLR around
Better sensor and processor (?)
Still able to use our EF lenses if a 5D2 packs up in the middle of nowhere
Good alternative for timelapses - no shutter to wear out
New kit! ( :D )

Cons:
Lack of control compared to a DSLR(?)
Lack of compatibility with remote releases(?)

Can anyone offer advice as to why this would be a good or bad idea?
 
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