"Other rounds just rip the paper and push thru, the .44 Mag usually cuts a perfect circle."
flat nose bullets do that. That's the reason for "wadcutter" design bullets.
Flat nose or flat "meplat" bullets don't hold velocity as well as streamlined bullets but they do have merit. This design in FMJ is less likely to veer off course when penetrating deeply in very large game like elephant or buffalo.
Comparing striking a steel plate to performance on game is only viable under very narrow use parameters.
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