In fact I can say that a BC value is related to the G drag function. Here is a link that shows you the number of drag functions used for small arm ballistics (I am sure there are more). There is better list with more info but can't find the link.
http://www.snipercountry.com/ballistics/
It's just a bit down the page. As you see, each G function relates to a family of bullets based on profile and design. The vast majority of BTHP match bullets as typified by Sierra MK are G5 in design. Reg hunting bullets use a different function. The few but growing number of true VLD bullets are G7. Several Hornady poly tipped bullets, like the 162gr Amax, fall into the VLD shape and G7 drag function.
Each G function has its own math algorithm as it relates to a ballistic program. They affect results quite dramatically. A higher number does not mean a better number. Just a different class of bullets.
The vast majority of bullet manufacturers do not test their bullets to determine a BC. Many, including some match bullet makers, get their values from the companies that make their bullet forming dies. The die makers usually use a form program to generate a BC. Sierra is one of the few that fires their bullets and derives their BC by time of flight/velocity analysis. If you know of others, list them.
However, no one ever refers to a G function when they list a BC. I guess they assume we know or don't care. That is why some bullets are way off their printed values under real world shooting. The Sierra data is usually quite accurate.
There is a trend in custom LR bullets to work on a 10 ogive bullet shape. A few are taking the lead from Hornady and using a Secant Ogive shape instead of the more common Tangent ogive. A nip here and a tuck there and voila, some pretty impressive bullets. Rebated BT are also being played with and some very nice results are coming back, but is that bullet shape or just quality manufacture?????
I have switched almost completely from HP match bullets because tests several years back showed that poly tipped bullets shot way flatter. These tests compared the then new Nosler J4 308 168gr, Nosler BT 165gr, Hornady BTSP and SST.
All shot from the same rifle and same muzzle velocity. All tested at 100yds for same POI. Testing at ranges from 600yds to 850yds showed that the good old BTSP isn't so aero (no surprise there), the next was the J4, then a close tie between the BT and SST (the SST won in my case). The difference on come ups was up to 4 min. That's an enormous difference.
I have also compared data with a variety of LR shooters. Assuming that we are all dealing with proper procedure to measure our comeups, ranging, and velocity, the poly tipped bullets fly better in most instances (given the same calibre and bullet weight). This covers several calibres and cartridges. This data is available on sites like Longrangehunting.com, BRcentral.com, etc. You just need to search for posted results.
Many have doubted these results. In all instances, they have never fired any of these bullets. I am not saying that poly tipped is the only way to fly. Of course not, because the rest of the bullet may be a horrid shape. however, most bullet manf. that use poly tips are also doing a pretty good job with the rest of the bullet.
I have challenged several doubters to do any type of shooting tests they wanted. A few took me up on it and they found the same thing I did out to 1000m. Some even got similar goofy results.
Every rifle is different and not all bullets shoot in all barrels. However, the poly tipped bullets can offer several advantages over HP bullets. You don't have to worry about meplat uniforming, the tip is the 'same' shape and profile, they do provide lower drag (at least at the tip), Hornady who makes most of the poly tipped bullets today also uses a secant ogive profile and a pretty agressive one in the Amax line.
You will read that I include the term 'goofy' results in my posts. I don't have the technical equipment to do a bona fide BC calc. however, I can infer the results by using my data through shooting and what ballistic programs spit out. Even with a dash of error, the results are impressive.
Try some, you might be as impressed as the many others now shooting the Amax and SST and Interbond. If you shoot a 6.5, try the 140gr SST. The 6.5 Amax is good but the SST is better. The old Amax was in a league all its own but has since been changed. Bummer...
For the 308 shooter, the 155gr Amax can lead to some very impressive LR results that exceed those from the 175gr MK. The 162gr Amax in 7mm is simply superb with the SST not far behind. The 165gr 30 cal SST will go way out there and stays stable even after going subsonic. The 165gr IB has an even higher BC based on shape and come ups (too expensive for volume shooting and the difference is not huge). I know a few shooters using the 178gr Amax with superb accuracy and trajectory. And on it goes...
Try some. What is the worse that will happen????
Jerry