I have shot a few critters with the .44 Cal 240 NP, and a few with its larger Cousin in the .454 Casull. Based on that experience, IMHO these bullets are too tough for most deer sized game. All of the bullets on deer gave complete penetration. I shot one deer square through the heart, and there was a .44 cal size hole going in, and a .44 cal size exit hole. I had an excellent blood trail to follow, but the NP did nothing on deer that a hard cast would not do. I prefer the old cheap RP 240 JHP in the .44 Magnum, which has been my go to deer bullet in this caliber for over 35 years. Good weight retention, reliable expansion, meat in the freezer. Most Whitetails either drop on the spot with a good hit, or travel less than 50 yards.
I also had occasion to kill a decent size (400 lb) black bear with the PHG bullet. The bullet went in behind the bears left shoulder, and angled through the bear lodging under the skin in front of the off shoulder. I thought this was impressive penetration on a very tough animal. If you have ever butchered a bear, you know what I mean. It is a three knife job! The bullet retained 87% of its total weight, and I have no doubt that it would fully penetrate an elk under the right circumstances. I have not seen the nose blown off of a PHG bullet, but I suppose that it could happen. My understanding of the PHG design is that unlike the rifle version, the nose is not designed to blow off at HG velocities. Those that I have recovered, or have seen that others recovered were pretty much intact and exhibited classic mushroom expansion. I have also shot some of the Platinum Points in this caliber, and have been unable to tell much difference in the performance of the two. They even shoot fairly close to the same point of impact in my guns.
Without intending to flame anyone up, with the cost of hunting, travel, licenses, guns, etc., is $1.00 a bullet really that big of a deal? You can get three for about the same as a gallon of gasoline.