Get an Aircat. You won't regret it. I'm just waiting to see if the 3/8" drive nitrocat pops up on eBay any cheaper, before I buy one next week.
http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&item=230046175943
So far it looks like I can get it for under $140 including shipping. I've used it a bunch more today, and I seriously love this gun. One of the other techs was talking to me toyday while I rotated a set of tires - yeah, he had to raise his voice, but we were having a conversation with the gun in use.
There's no way to avoid hearing damage with a gun like the thunder gun or an IR 231 unless you wear earplugs. With the Titanium guns, they're a LOT quieter than an old-school gun, but I still wore earplugs because they were still fairly loud, and you had to YELL to be heard over it. The Aircat specs say it's about 10 dB quieter than the Ti (86 vs 95), which equates to half the volume. I'd definitely believe it - this thing is super quiet.
On the differing specs, are you referring to the 1/2" mini being rated at 700 ft/lb and the 3/8" being rated at 500, even though the only difference is the anvil size? Be warned that they apprently use torque specs to match IR's "Nut Busting Torque" rating of 1,000 ft/lb on the 2135. Expect a gun just as strong as your current 2135 or 2112, and you'll be dead on. They're almost the exact same strength, and I see no reason for the 3/8" version to be any different.
The wierdest thing is that the Aircat is so quiet and doesn't shudder in your hand - so it "feels" REALLY weak compared to the Ti. But the fasteners don't seem to be able to tell the diffence.