I loaded up 120 ballistic tips for my youngest son, with lite loads, for his 7m08 last year. He took an 8 pt buck and an antelope. I did this to try to lessen the recoil since he is fairly recoil sensative. Neither animal went more than 60 yds with complete pass-throughs. The whitetail was about 70 yds and the antelope 225yds. Exit holes on each about the size of a silver dollar.
But this year he is moving up to 139-140 gn bullets with a little hotter load, still on the powder lite side, but he will be around 2500fps. The only reason I can see using "light for the caliber" bullets is the reason I did it - with lite loads. These bullets are not ment for fast velocities and big game.
Long