The way bullets perform on steel and animals are not even close.
I shoot 162g AMAX's as well from a 7 RM at 2900fps. Super accurate load out to 1K. Took a couple bucks with them couple years back one at a lazered 800 yards, other at about 200. I hit the one at 790 behind the shoulder, hit a rib going in and the bullet exploded inside, didn't exit at that range and it dind't even hit any major bone. Deer went about 30 yards and piled up dead. I was a bit surprised and dissappointed to not see the bullet exit at that distance after not hitting shoulder bone and at that kinda impact velocity. I am usually a shoulder shooter since at LR you want to anchor them on the spot and breaking the shoulders is the best way to do this. THis is definately not the bullet for that, IMO. Another instance with this load was another buck shot about 200 yards that was running full out. I didn't lead him enough on the 1st shot and hit him in the hams, that definately put a hurt on him but he was still moving along pretty good. I put another 162g AMAX this time in his shoulder and that dropped him. He was however still alive when I got up to him and a finish shot was needed. Neither of the first 2 AMAX's exited either. Both of those bullets pretty much blew up within the first few inches of penetration and not much was left frankly of the ham or shoulder. After seeing how they acted on the deer at 790 and not exiting after not hitting hams or a shoulder, I was not the least bit surprised...
One of my buddys used the 168g amax at around 2850 I believe in his 30-06 the same year and also shot a buck around 150-200 yards and experienced the same thing, serious lack of penetration and bullet blow up.
Just be carefull with your shot placement. Its a broadside behind the shoulder bullet only IMO. If you get it inside the chest halfway then it'll do its job great, it liquifys the insides if it gets that far, on the other hand, you hit the shoulder, your deers gonna be running off on 3 legs and your gonna be shooting at him more or chasing him around the country.
In wet newspaper testing at 100 yards, AMAX's dont do so well. I"ve shot the 162g in the 7 RM and the 208g in the 300 RUM. Both retained something like 25% of there original weight, both lost there lead cores and were peeled back to the base of the bullet, just a mangled looking piece of copper really. Thats why there no good for breaking bone.
I still shoot them in my 7 RM for LR target shooting, but went back to 140g NBT's for deer. Although this year I might give the 162's another chance. Who knows gotta draw the tag first.