Like PPS I agree with you that ME alone does not tell full story. But I think it tells a part of it.
Of course. If you want to compare a 158 grain LSWC going 1000 fps vs. one going 1450 fps, it tells part of the story. I suspect it still overstates the difference, though.
In this case, it's 351 ft-lbs. vs. 737 ft-lbs. In hunting terms, that
looks like the difference between a round that's insufficient for deer and one that will drop your deer DRT. And I don't buy that. Some people have done long-range hunting with handguns, for example, and with bullet designs that don't rely on a certain velocity for expansion, they've had success with handgun Magnums way out there -- where the velocity of even the hottest loads has dropped significantly and the energy numbers
sound pathetically low. Conversely, hot loads have bounced off boar skulls at point-blank range where the energy levels sound like they're way up there.
I'm hardly claiming to know everything; that stuf has given me food for thought. It all started with some very large game, and a slow heavy bullet I put straight through it. The reason Elmer Keith favored heavy bullets is that he actually killed a lot of large game, butchered it afterward, and examined the bullets and wound channels. Ballistic gelatin is interesting, but it's still just ballistic gelatin, bearing very limited resemblance to a leather-jacketed hopped-up human attacker, aggressive grizzly bear, moose, etc.
But IMO when you're talking about a 230 grain bullet at 900 fps vs. a 158 at 1250, that gets apples and oranges enough that energy is pretty much BS all around, apart from the fact that we're still talking about bullets, handguns and stopping an attacker.
On this borad, though I seldom see hunters comparing a 210 grain .41 Magnum at 1200 vs. 1400, where energy might mean something.
What I do see is people discussing defense rounds, and who seem to think that a 124 grain 9mm is "just as powerful" as a 230 grain .45 because the energy numbers look similar on paper since the 9mm is going a tad faster. And THAT is where energy numbers can be downright deceptive.