Ok, there are a few things you guys need to realize.
#1) even the 22lr has a bullet diameter of .223, so it doesnt realy mater. virtualy all 22 caliber rounds regardless of primer type have bullets .223" in diameter.
#2) This is NOT true of the FN 5.7 the bulelts are slightly smaller diameter than the standard .223. They are .220" in diameter. This is why the bullets used are generaly slightly smaller. Use of a .223 diameter bullet will result in higher chamber presures, and is dangerous.
#3) the .22lr has NO jacket. some rounds are electroplated in a copper wash, but this is not the same thing. the coper film on the rimfire rounds is mainly there to reduce fouling int he barrel, and has no percievable effect on penetration. an ACTUAL jacket, such as on the 5.56 NATO, 5.7x28, or the Reed wildcat plays a significant roll in delaying the bullets deformation, resulting in better penetration.
#4) The reed wildcat puches a heavyer bullet of comperable (but different) diameter at the same speed as the 5.7. In the real world, this means it would penetrate better than the 5.7, as it has bolth more momentum, higher sectional dencity, and more kinetic energy. It also has a higher BC that would result in an even flater trajectory. That IS the POINT of making wildcats folks; to make a BETTER round. Dont act all supprised when it it.
This is nothing new. for instance: the Tactical Twenty is bolth older, and more powerfull than the .204 Ruger, but guess wich one got chambered in factory rifles? The one that had the backing of a powerfull gun maker. Same deal with this new cartridge. the 5.7 will likely be more sucessfull, even though its the lesser cartridge, because its got FN's weight behind it. The .223 Reed will likelly go the way of the twenty tactical, and join the cartridge bone yard in just a few years.
On the pluss side, if you already own and reload for the CZ-52, then this is no big deal. Just form your own cases from spend 7.62x25, and load it with standard .223 bullets. It hink that is the biggest thing this new cartridge has going for it: the simple fact that its so easy to make, and the components are so readily avalable.
O, and Mac shooter, you do know that you can just BUY 55gr bullets in .243 dimeter right? that would make it ALOT easyer on you.