I have had the Franchi Raptor 712 for a little over a week and have been on the skeet range with it four days already. I absolutely love it. Zero malfunctions and it has a great feel for me, which is why I purchased it in the first place. I went to a reputable gun shop in my area and they actually recommended it. Came with all the parts, the owner's manual is okay (not great). It's easy to clean and care for.
As far as light loads go, I've fired a lot of 1 oz through it with no problems. The owner's manual does say not to use anything lighter than 1 1/8 oz, so it's kind of a no-brainer that yeah, there might be malfunctions with a very light load.
I've also gotten A LOT of positive comments from the guys at the skeet range about it. It's a pretty new gun on the market, so not a lot of people have seen one yet. It's very, very similar to the Beretta 391.