"...can be driven as hard as you can a lead bullet of similar weight..." No they can't. The weight of a cast bullet has nothing to do with how fast it can be driven. A soft cast bullet, driven too fast, will cause leading.
WC's are target bullets. Period. Solid WC's are just cast bullets. Poured lead into a mold. Hollow based WC's are swaged.
A swaged bullet is made by pressing pure lead wire into the desired shape with pressure. They tend to be more accurate than a cast bullet.