Ok, I will play.
I feel kinda bad challenging Alberta Tactical Rifle (You have all my respect Rick for your experience and knowledge - My knowledge is limited in comparison! I bow my head to seniority, but still want to participate in this!).
3 ways to mansplain the claim from the 408 Cheytac. One way is goofy, one way is serious and one way is just reality. You decide which is which.
For reference, I refer to the following claim: "Beyond 400 yards, it has more kinetic energy than a 50 BMG". I took that claim from the very serious source here: (minute 4:09 of the Discovery Channel Cheytac M200 Intervention video) at
https://youtu.be/xkfyx0Z-iJs?t=246
Way 1:
Today on how they do it. 408 Cheytac Energy! Everyone wants a 408 Cheytac in their home. First they take the 408 Cheytac bullet, and they smooth it out, with a bunch of Schleem. The Schleem is then repurposed for later batches. They take the 408 Cheytac bullet and push it through the Grumbo, where the Fleeb is rubbed against it. It is important that the Fleeb is rubbed, because the fleeb has all of the fleeb juice. Then a Schlommy shows up and he rubs it and spits on it. They cut the fleeb. They are several hizzards in the way. The blamphs rub against the chumbles. And the 408 Cheytac bullet and grumbo are shaved away. That leaves you with an amazing high kinetic energy 408 Cheytac.
Way 2:
Kinetic Energy is calculated as Ke=0.5 x M x V(squared)
Cheytac assumed a Ballistic coefficient of 0.949 for their 408 Cheytac (419 grains, 3000 ft/s);
They assumed a BC of 0.611 for the 50BMG (750 grains, 2978 ft/s). I am sure it's possible to provide other numbers with premium 50BMG bullets and fudge the comparison in anyone's favour.
They are referring to this chart:
https://cheytac.com/wp-content/uploads/2013/06/CheyTacvs50cal_VelocityDistance-Infographic_rv.jpg
According to JBM Ballistics Calculator
http://www.jbmballistics.com/cgi-bin/jbmtraj_simp-5.1.cgi, at 400 yards:
408 Cheytac velocity is 2606.3 ft/s, energy is 15 334.4 Joules
50 BMG velocity is 2586.2 ft/s, energy is 15 098.8 Joules
Way 3:
408 Cheytac is more expensive, therefore must be better.
There you go. Just to be clear, I am a personal big fan of 50BMG and I appreciate the argument of displacement. A lighter bullet which keeps more velocity because of a lighter BC will keep more Kinetic Energy because the velocity component is squared. I understand there are many other factors involved in a successful long distance shot, for example a heavier bullet will be more resistant to wind pressure, etc.