I actually spent a lot of time on subjects like this long ago, in a a different life. This including talking to Veterans (German, Russian, American, British) that actually crewed these vehicles in combat.
For armor penetration:
1. 17 pdr. This gun has armor penetration roughly equal to the 75L70 of the Pz V. This is with APCBC. The 17 pdr. also used discarding sabot rounds in combat, which were not overly common but they were available (a few rounds of the total loadout) and this increased the penetration by about 50% overall.
2. 88L56 (The Pz VIE/Tiger I MA). APCR was available for this gun, but was fairly rare. It was also very nasty. 88L56 APCR hit as hard as 88L71 (that's the gun the Pz VIB and JPz V carried) APCBC. By 'rare', we're talking 1 or 2 rounds per vehicle, to be used only in the event that something really dangerous came along that 88L56 APCBC could not handle (there weren't a lot of Allied MBTs in this category, ever).
3. 88L53 (T-34/85), 75L48 (Pz IVH), 76L55 (M4). With 'standard' APCBC, these guns all have almost equal penetration (read below).
4. 76L41 (T-34).
There are a few things to remember.
Solid AP has an increased chance of 'shot shatter' if the round is impacting armor plate that is thicker (this includes 'effective thickness' due to sloping) than the diameter of the shot. This explains why there are situations where the 88L53 could be more lethal against certain types/thickness of armor plate than the 76L55 even if the 'base penetration data' is very similar. It is also partly why tungsten core rounds came into being, and why depleted uranium rounds exist today - high to ultra-high velocity rounds penetrate better and are less likely to shatter against hardened plate when they are made of dense material.
http://www.freeweb.hu/gva/index.html - I cannot stress how excellent this site/info is regarding the topic at hand. Go and read every page of this site if you are interested in gun and armor data from WW2. It explains in detail the various factors - round type, armor type, thickness, etc. For a very solid basic understanding of the topic, read this site several times. It is an excellent resource. Probably the best collection of data and explanations to be found in 1 place in any book and on the internet.
Mike/Wulfie
edit: added the '0' that I forgot.
