Some very light JSP or JHP rounds will still fragment because their jackets are so thin and their velocity is much higher (up to 3800 fps in 40gr rounds), but this does not necessarily make their wounding capacity more dramatic than M193 or M855 primarily because the fragmentation is less dramatic.
Hollow-point and ballistic-tip bullets are designed as varmint rounds, to expand quickly, making large, shallow wounds with relatively little penetration. These types of wounds aren't likely to take an attacker out of the fight immediately, especially if you have to shoot through an arm or from the side. Most experts agree that at least 12 inches of penetration is required to reliably reach the vital organs and most varmint bullets won't penetrate more than 5 to 6 inches. Although some police departments use the Hornady TAP ("Tactical Application Police") round, which is merely a hotter-loaded V-Max varmint round, the primary motivation for adopting this ammo is preventing over-penetration of both bad guys and of interior walls. It should be noted that many of these concerns are proving unfounded as testing on interior penetration is increasingly showing that 5.56 rounds are less of a overpenetration risk than even the 9mm handgun ammo that many departments deploy in submachineguns for interior raids.
The advantage of heavier (64, 69 and 69+ grain) JHP and JSP is that they will exhibit controlled expansion at slower velocities (and therefore have better wounding potential) than FMJ rounds at distance. This really starts to kick in after around 200 meters or so if you are dealing with a 20" barrel. After that distance, most rounds are below the 2500-2700 fragmentation threshold, and though FMJ rounds will tumble, it's not clear that this will be as effective as a good controlled expansion round.
Lighter JSP and JHP rounds probably aren't as effective after passing through a soft medium, like an arm. In these cases FMJ will usually retain more penetration ability than the light JSP and JHP rounds.
If you plan on using specialty rounds make sure to stick with heavier round. Some specialty rounds that have seen good results in gel, including penetration and fragmentation criteria, include:
64 gr Winchester (RA223T2).
68 gr Black Hills "Heavy" Match (BTHP).
69 gr Match King loadings.
75 gr Hornady Match (BTHP)
75 gr TAP (BTHP)
77 gr Black Hills Sierra Match King (BTHP)
In particular 70+ grain rounds often maintain their fragmentation properties far beyond the fragmentation range of M855 and M193.
Ammo Oracle at AR15.com
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