If steel pentration is an issue a pentrating round could be used but in general I think the fragmenation of the .223 in general makes it better suited for LEO use.
Also compare the wound profiles
120gr 7.62x39:
65gr 5.56 NATO M855:
On the Russian 7.62x39 round
"The typical path through the abdomen caused minimal disruption; holes in organs were similar to those caused by a non-hollow-point handgun bullet. The average uncomplicated thigh wound was about what one would expect from a low-powered handgun: a small, punctate entrance and exit wound with minimal intervening muscle disruption."
On the Yugo 7.62x39 round
"Since this bullet would be travelling sideways through most of its path in an abdominal wound, it would be expected to cut a swath over three times the dimension made by the bullet travelling point forward. In addition to the larger hole in organs from the sideways-travelling bullet, the tissue surrounding the bullet path will be stretched considerably from temporary cavitation. Actual damage from the stretch of cavitation can vary from an almost explosive effect, widely splitting a solid organ such as the liver, or a hollow one such as the bladder if it is full at the time it is hit, to almost no observable effect if the hollow organs (such as intestines) when hit contain little liquid and/or air. The exit wound may be punctate or oblong, depending on the bullet's orientation as it struck the abdominal wall at the exit point. The exit wound could be stellate if sufficient wounding potential remains at this point on the bullet path. The thigh entrance wound will be small and punctate but the exit wound will probably be stellate, measuring up to 11 cm from the tips of opposing splits. The stellate exit wound results from the temporary cavity simply stretching the skin beyond its breaking point. These stellate wounds generally bleed very little. Small-to medium-sized vessels are certainly cut or torn, but the temporary cavity tearing action generally stimulates the tiny muscles in the vessel walls to constrict and clots will form in their open ends, limiting blood loss. Being wide open, these wounds tend to drain and heal amazingly well even in situations of limited surgical resources. This increased tissue disruption of the leg will, of course, temporarily limit the mobility of the person hit to a greater extent than wounds causing less tissue disruption."
on the 5.56 NATO round
"The effects of this bullet in the abdomen shot will show the temporary cavity effects as described for the Yugoslav AK-47 and, in addition, there will be an increased tissue disruption from the synergistic effect of temporary cavitation acting on tissue that has been weakened by bullet fragmentation. Instead of finding a hole consistent with the size of the bullet in hollow organs such as the intestine, we typically find a hole left by missing tissue of up to 7cm in diameter (see permanent cavity in Fig. 4). The thigh entrance wound will be small and punctate. The first part of the tissue path will show minimal disruption. The exit will vary from the small punctate hole described for the Soviet AK-47 to the stellate exit described for the Yugoslav AK-47, depending on how thick the thigh is where the bullet perforates it. In a sufficiently thick thigh, the M193 bullet fragmentation is also likely to cause a significant loss of tissue and possibly one or more small exit wounds near the large stellate one."
The whole article these quotes where taken from may be found here:
http://www.fen-net.de/norbert.arnoldi/army/wound.html
I think the 5.56 round is one of the better rifle rounds for although it doesn't compare to
.308 Winchester JSP
Images taken from
http://www.firearmstactical.com/wound.htm
This being said when shooting in an enviroment like LEO's do I would be very worried about over penetration issues and would also like to insure that they are delt the most fatal wound possible to ensure they die.