Check for a feed ramp on the barrel. If it doesn't have one, and it has polished guide rods it's likely already gen 2-3. Mine has been repaired 2 times from KT :O This gun's MAJOR drawback is that it's direct blowback. It's hard on brass. Originally the cases were being stretched with NO shoulder movement. Primers were flatter than my coffee table. I am not sure what they've done, but shoulders are now moving, and primers are better shape. I wonder if the guide rods added mass to the system. I think they need a heavier hammer to delay it somewhat.
Brass pics: 5.7x28mm, Brass from Keltec P50 T&E