My guess is that bullet is designed to expand pretty violently at handgun velocities, so it will likely be a bomb at the higher velocities out of a carbine.
I would suggest, if you can find it, some sort of lead SWC or RNFP. I'm pretty sure Federal loads such ammunition.
This year I killed two deer with a .44 Special using a 260 gr. cast SWC at about 950 fps out of the handgun. PLENTY of velocity and penetration.
A lot if you are close and hit bone.
I got two with a 16.5" handi-rifle this year. I used 240grain XTPs with good results.
My shot, if I get the chance to do this, will be in a feller's backyard pasture on his 10 acre horse property, and there's quite a few houses in the area. Distances will be under 100 yds. So high-power rifles are out, and pass-throughs of bullets are not a good thing. Wide-open pasture, so tracking won't be necessary. Just pop and wait for the drop.
I have several kinds of bullets for the .44, lots of 240gr. LSWC's, but the accuracy of those is abysmal. I just scored a dozen 300gr. Buffalo Bore WFN rounds, but I'm afraid those would just blast right through and ricochet into the next county.
The Silvertips I mentioned are hollowpoints, but photos I've seen of them look like they just turn into mushrooms. I also have some
very aggressive Ranger SXT/Black Talon type bullets, and I dread the thought of what those would do to meat.
I think I'll stick with the Silvertips and go for a behind the shoulder shot through the ribcage. I certainly don't want to ruin any meat, but in this area, safety is the main concern. Too many houses/people/horses around, but the deer are thick as flies and need to be controlled, so shooting them is common. My friend gets 10 depredation permits a season from the local Ranger to help thin them out some.