You'll run into a few dimensional differences on the PM-25. Mostly in the bearings on the Phase1 conversion, some bigger differences on the belt drive but nothing that really changes the operation or principle of it.
I had a controller failure with mine early on but that was fixed by QMT. Motor has been running just fine though. I don't think there is anything that you are going to give the PM-25 to do that the Grizzly mill is going to fail at. People were reporting better backlash and end-to-end smoothness on the 0704 than I experienced. The PM-25 seems to have a little more Z height and used to come with a 3000RPM spindle but it seems they have changed that now.
I think its a 6 of one / half a dozen of the other situation. They are comparable machines and the only reason I can see to pay the extra is if you can get the PM-25 but can't get the 0704 and time is worth the money to you. The motor is a bit bigger and more is more but as demonstrated in videos the 0704 is not really suffering from some great lack of power.
Table travel is basically the same on all the long-table machines, but the ends of travel on my PM-25 were not great. They got real tight at either end and never did get any better. Even now with CNC the 2" at the ends are where trouble can get started with a stepper stalling. That will likely not be an issue later on with ball screws but it is now. I have to exclude that area from use in a program.
Good luck, hope you enjoy whatever you get.
CNC: Making incorrect parts and breaking stuff, faster and with greater precision.