I just shot my M&P 22 and it shot the same, 3-4" high and to the left.
I tried to lower the sight a few clicks, tried again, and again. The sight slopped clicking and the rear sight would not go lower even through you could still push the blade down and it would spring back up. really aggrivating. still shooting about 2" high.
My M&P has the blue toctight on it also, but i did not try to budge it.