What is your point of aim? - The M&P is not a target pistol, it's set up for a centre hold (the aligned sight cuts the target in half, obscuring the bottom half). Faster bullets do tend to impact lower at pistol distances - for precisely the reason explained in post #8. Generally, out to about 50 yards, full load pistol ammo shows very little trajectory, beyond 50 the heavier bullets drop faster. if you drop 3 or 4 hundred FPS from factory loads the landscape changes and trajectory affects the flight of the bullet more. By the time you're shooting 38 HBWC's you aim for the throat to hit centre mass at 50. Try doing a "Ball and Dummy" drill to find out if you're pulling the gun downward as the trigger breaks. Doing the "Wall Drill" will help you gain more trigger control.