A lot of people try to push simple rules of thumb in order to explain complicated interactions between variables.
Whats going to leave a bigger bruise, poking you hard and face with a knife or smacking you with a 2x4.
Velocity is not the only factor. Velocity, total energy, and bullet geometry all interact to affect how energy is transferred into the target. Two bullets with the same velocity and weight will have very different effects on meat if one is a pointy bullet and the other has a broad flat nose. One will slice like a knife with less damage than the other that is trying to plow through.
Higher velocity does usually translate to more total energy, which may transfer more energy and therefore damage to the meat, but not always.
Some bullets, if too fast, might explode on impact and result in complete energy transfer to the meat, with significant damage. Other bullets with the same velocity and weight might have a stronger construction and pass right through without even expanding, and pass right out the other side with 50 or even 75% of its original impact energy.
The same bullet in the same ammo in the same gun can have very different effects just based on the distance to target.
Its complicated. There are no easy answers, and most hunting applications don't lend themselves to good controlled study.