The stability of both unligated oxaphosphiranes 1 and their P-M(CO) 5 complexes 2 (M = Cr, W) has been explored with respect to their closed-shell isomers, formed from either heterolytic C-O or P-C ring bond cleavage. C-O bond cleavage of 1 leads to valence isomers 3 featuring trigonal-planar hybridization at P, whereas pyramidalized isomers 3′ are obtained for push-pull systems featuring electron-donating substituents at C and electron-withdrawing groups at P. Complexes 2 undergo C-O ring cleavage, affording side-on complexes 4, except for the unstable C,C-diamino-substituted complex 2d, which [a]