with a RCP, you give up the main advantage of a shoulder-stocked, two-handed weapon: control and thus precision. i suppose, though, with an RCP you are at least handling both ends of the gun vs a handgun.
the caliber snobs want you to believe that anything less than a 5.56 is no better than a BB gun, but any hit with 9mm FMJ beats every miss with 5.56 TBBC. and you’re more likely to make hits with a carbine than a RCP, so - under your use case criteria of commonality - i’d take a PCC over a RCP…
…especially an AR RCP.
the AR makes a particularly bad pistol mainly because of the RET - on a pistol AR it’s nearly as long as the barrel.
and then there’s the FSP and rear sight adding nearly two inches to the height at either end of the gun.
compare a pistol AR to a kel-tec plr or AK pistol - the apples2apples size envelope is much smaller on the latter two than an AR RCP.
and this is even before considering ultra-short pistol-length gas systems and reliability (and that’s a reason to consider a .300blk - but then again, that’s another major step away from your commonality criteria).
back to some of your reasons for considering a PCC: ammo and magazine commonality.
since you also already have an AR, an AR pistol has merit because the manual of arms, magazines, and ammo are shared. big pluses over an AK or other RCP.
but if discrete portability is the goal, i wouldn’t have a 30rd AR mag adding even more to the size envelope. which then requires you to buy addt’l 20 or 10 rd mags - adding to the total cost and further lessening commonality with your AR.
which pushes you back towards a PCC since you already have pistol mags (and have them on your body) and reload for pistol, but not rifle.
so if you’re willing to give up significant precision & control, add considerable blast & flash, buy new mags, spend way more on ammo, and still have a relatively large package to carry around, an AR pistol is a-okay.
i’m not totally bashing the idea, but it strays from many of your original criteria/reasons..
if i were to do a RCP (and, hey, i might, just to have more options), i’d do it using one of these with a 10rd mag filled with federal fusion (plus an RMR sight): http://www.arsenalinc.com/usa/Pistols/.
so many choices - ain’t america great? 
(btw, everything’s a trade off, but i wouldn’t worry too much about terminal ballistics with a RCP. see BallisticsByTheInch.com)