
Except for some minor differences in dimensions, the main difference between the Mk 3 projectile and the Mks 1 and 2 is that there is no hole in the base of the Mk 3 for a tracer or plug. This design was developed when the tactical need for non-trace ammunition arose; but with the appearance of "Dark" tracers, the Mk 3 projectile's original purpose was eliminated.
No information about functioning.
Projectile, 40mm HE, Mk 1 Mod 1 - 24
Projectile, 40mm HE, Mk 2 Mod 1 - 35
OP 1664, Volume 1 - US Explosive Ordnance (1947)