I also have one of those ACM M500's, which has slowly become my main over my WE g36. The spread actually does wonders over a distance of maybe 30ft, and having a semi-auto would be pretty nice every once and a while. That being said, I think that the multi-shot shotgun has to be used entirely differently from an AEG, and making a semi-auto shotgun would kind of diminish the usage differences in the two different types of gear (which isn't exactly a good thing IMO)
From a technical standpoint, I've been trying to figure out how to make something like a Saiga for a while now, I just dont have the means to test anything I've come up with lol. But even if you do end up using more gas, that gigantic magazine can hold more than enough for a system like that.