Is the P3 a good fit for my M700 amps driving a 3 to 4 ohm load ? (Speakers)
Welcome! Absolutely! The P3 was designed to power the entire Stellar system. Even a hard to drive 3-4ohm speaker in the system. The P3 can handle short bursts of up to 900 watts.
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In the regeneration mode ?
Yes, no question
Thank you… 
Should be. Much depends more on how much power you’re using and the speaker’s efficiency rather than impedance.
The load is Wilson Audio Sofia 2
86 dB