I understand the theory but with heavy bullets you get heavy recoil and poorer ballistics within normal ranges.
It's been my experience that with respect to most big game cartridges, there is little difference in recoil between light bullets and heavy bullet loads, due to the proportionately smaller powder column behind the heavy bullets. If one finds a 175 gr bullet beyond their ability to shoot well, neither will they be able to shoot well with a 150 gr bullet loaded to the same pressure levels in the same cartridge.
Lets just do a quick comparison of a 140 gr AB @ 3450 and a 160 gr AB @ 3230, and compare the trajectory. The velocities are an average of maximum loads from the Nosler Manual for the 7mm Ultra. In both cases we'll zero the rifle for 200 yards, and consider the trajectory at 300 and 500 yards. I personally try not to shoot at game beyond 300 yards, but not everyone is like minded. Wind drift is calculated for a 10 mph cross wind.
Bullet -140 AB @ 3450..........................160 AB @ 3220
300 yds drop .... -4.5" ....................................... -5.2"
300 yds drift ...... 4.8" ........................................ 4.9"
500 yds drop ... -27.0" ....................................... -30.7"
500 yds drift ..... 14.2" ........................................ 14.3"
So at 300 yards the difference between the light bullet and the heavy is about 3/4" and at 500 yards the difference is 3.5" in favor of the light bullet. I dare say that at those ranges the advantage could not be utilized. A 10X scope reticle could cover more than 3.5" at 500 yards. Suffice to say that at least in the case of the 140 and 160 gr Accubonds, there is no practical difference in trajectory.
Because penetration is a function of momentum, penetration of both bullets would be equal, provided both bullets retained the same percentage of original weight. But a heavier bullet when comparing lead core bullets, tends to expand to a larger diameter, and a larger frontal area diameter will create a larger wound volume. Just how much larger can only be determined by firing each bullet into an aqueous medium, that would hold it's shape for measurement, but it would be safe to assume 10-15% in favor of the heavier bullet.