My own informal test between my 9mm and a friends 45 ACP. I clung to the 9mm because it was getting the good press at the time, he claimed 45 ACP was the king of the hill.
Shots fired:
Target, one ripe watermelon.
Four rounds of 45 ACP 230 grain FMJ, hey, it was an unmodified Series 70 Colt, this was his only reliable round. Anyway, four rounds fired, four 0.451" entrance and exit holes.
One round of 9mm Winchester 115 grain Silvertip hollowpoint, hey, the S&W 39-2 would feed any thing except empties. Anyway, one round fired, one 0.355" entrance hole, one exit hole big enough to stick your fist through.
Conclusion: the 9mm trounced the 45 ACP. Watermelons beware!!!
Unfair comparison? Most likely. If he could have fired hollow point ammo, the 45 ACP exit would have been the same as the 9mm hollow point. I have carried 38 Special, 357 Magnum, 9mm, and 45 ACP. I stoked all of them with hollow point ammo, hoping to get the most out of the chosen caliber. That being said, I would rather protect myself with a 12 gauge shotgun or a Howitzer, but concealment becomes an issue.