I see the XM109 as serving one main military role, namely to destroy aircraft while they are on the ground.
.50BMG is a monster round, but the 25mm explosive will tear a MiG-23/25 apart. Being able to trash an airfield with a two man gun team is pretty sweet.
Otherwise, for just light armor vehicle defense, there are far more effective weapons that just sacrifice portability for firepower.
If an airplane is on the ground, even a Machine Gun is more than enough to rip holes in every wing and realistically ground every air-vehicle on the base.
An autocannon is a nastier boomstick, and who doesn't want one of those?

Even in today's military and weapon R&D, the number of redundant technologies and ultra-specialised firearms/ammunition just staggers me.
No no, don't use that bullet for penetrating bricks, use these ones
Errr, how about I just use three normal bullets, sir?
No no, that's inefficient. We have these new brick-buster
TM rounds especially developed for the job (at a taxpayer cost of $xxx Million)
Seriously sir, I could have finished this job five times over if you'd just shut up
No no, protocol requires more efficiency
Sir, don't make me dump a cap in your @$$....