Lighter bullet = more velocity
more velocity = more kinetic energy
more kinetic energy = deeper penetration
Since Kinetic Energy = 0.5 • mass • velocity(2) squared
The difference in mass of the bullet has very little effect on the total kinetic energy
The difference in velocity however increases kinetic energy by the square of the delta velocity, much larger effect.
So it would be logical the faster but lighter bullet had more penetration, but if you had the exact velocities you would know for sure. The smaller groups could simply be a flatter and faster trajectory to the plate resulting in less environmental factors affecting the bullet. Match results have demonstrated conclusively that the slower twist rates produce better accuracy. at 3000 fps in a 1:9 twist, that will spin a bullet at 4000 rpm at 1:7 that becomes 5142 rpm. Different bullets require different spin rate to optimize performance. Generally speaking with bullets of the same caliber longer bullets require more rpm to stabilize.
All of this is of course assuming the lighter bullet actually does have a higher muzzle velocity. You can try the test out at different distances and develop your own ballistic info.
Thanks for sharing!