I don't consider myself an expert here, but I'll give this a try. First, sectional density is simply a measure of the weight of the bullet compared to its cross sectional area. For a given bullet diameter, a heavier bullet has a higher sectional density than a lighter one. It has nothing to do with hardness. In fact, for a particular bullet shape, diameter and length, a soft lead bullet will have a higher sectional density than a copper jacketed or hard cast bullet because the soft lead is heavier. You are close on ballistic coefficient. It's related both to shape and weight. It determines how a bullet will hold velocity after firing, i.e. it determines trajectory once velocity is set. Whether or not a bullet performs in a Contender depends more on the bullet design and construction than on either its sectional density or ballistic coefficient, although generally, given similar construction, bullets of higher sectional density will penetrate deeper if driven to similar velocities. Hope I haven't confused you. Just about any good reloading manual will have some information and discussion of these things - I think the Sierra manual is especially complete.
RonF