Velocity is determined inside the barrel, by the force driving the pellet and how much it weighs. Pointed and domed pellets might retain velocity better, but that only means they have a little bit flatter trajectory. When your dealing with air rifle velocities, its not a huge difference. They do perform better at longer ranges on game, because they retain more energy. The pointed or domed head also aids penetration downrange since you have less energy.
Retained energy is a seperate issue, or at least a very small factor when it comes to accuracy though.
As far as being stable in flight, the biggest thing there is being stable when they exit the barrel.If it doesn't start out stable it doesnt' matter how aerodynamic it is.
I'm no expert on it, but I think that the flat nosed pellets have more bearing surface against the barrel, and are little more balanced. They have less mass in front of the ring around the head that touches the rifling. So they're going to have a tendency to get more consistent spin, and leave the barrel more cleanly.
On a pointed or domed pellet, you have most of your bearing surface at the rear and most of your mass at the front. I think this would have a negative affect on getting consistent spin and leaving the crown cleanly.