No problem. The MG 131 fired several different projectiles, but these were the main ones:
34g HE/T at 750 m/s (only 1-1.2g HE; not M-Geschoss!)
32 or 34g I at 750-770 m/s (1.2g of incendiary compound with T, up to 3g without, esp with small chemical fuze. Seemed much more common than HE)
38g AP at 710 m/s: would penetrate as follows:
17mm/100m/0 degrees
10mm/100m/60 "
11mm/300m/0 "
7mm/300m/60 "
There was also an API but this was quite different from US .50 type; instead of being a jacketed bullet with a hard core and incendiary mix in the jacket tip, it was a cannon-type pointed steel projectile with a small cavity containing the nasty stuff, which was expelled from the base of the projectile on impact.
The .50 was much more powerful with a significantly higher muzzle velocity (880 m/s) and better velocity retention. The AP had better penetration (up to 25mm/100m/0 degrees) and would have retained more of it at longer ranges. OTOH, the US gun was much bigger, weighed almost twice as much and was slower-firing (although there probably wasn't much in it once synchronisation was taken into account).
Tony Williams
Author: Rapid Fire - The Development of Automatic Cannon, Heavy Machine Guns and their Ammunition for Armies, Navies and Air Forces.
Details on my military gun and ammunition website:
http://www.users.globalnet.co.uk/~autogun/