Yes P2 is pretty run out. There is a section 40 feet or so from the top that is particularly challenging as the moves are more 5.6 and the gear sucks. I have always placed my purple 01 metolious TCU in some little fissure but I would NEVER want to take a fall on it. Like people say, it will probably slow you down on the way down. :-)
That said, I think it's a wonderfully thoughtful face climb that helps climbers deal with run out!