They'll tell you that as a PM, you "outrank" all but DM. I'm not sure I believe it. I flew DTW -- SLC on a A319 last month. No upgrade. Chatting with a lady i the SLC SC, on the same flight, she said she's DM, and didn't get upgraded.
I think there are still issues between DL/NW metal and upgrades. They'll never admit it, but mid week Jan? 16 purchased F seats or PM higher than a Q fare? Sorry......I'd like to see the reality before I believe it..
Dave