Well, the thing is that hollow points don't reliably expand out of snubbies, so use something with a huge meplat to get the most damage.
In gel is one thing.
After going through clothing is another. (clogs the hollow point and sometimes won't expand)
After going through clothing and bone is another altogether.
Wadcutters remove the question mark with these variables. We accept that they're not going to expand, but they'll never be smaller than 0.358".
Also, there is the question of what is more damaging: a tumbling wadcutter or expanded hollow point?
As for this load, to me it seems like too much penetration. Don't want to blow through a perp, then the wall and hit someone in the next room. Remember that the FBI penetration range ALREADY factored for having to shoot through auto glass and still penetrate deeply enough to stop the perp. This is one reason why many people are comfortable with a tiny 380; in a self defense scenario, it is unlikely we'd ever have to shoot through a barrier.
I had a point where I had a real squirrel problem in my back yard. They were brazen, so I could stand inside the house with the door cracked and shoot them with my air rifle from inside, just 13 yards away. The most devastating shots were wadcutters. Even though pure lead hollow points expanded from .177 to .23 caliber, the wadcutters hit harder* and the entry wound bled a lot more. The interior damage had the same thing. You may say "that is different" but I don't think so. It's all scaled: .177 into a squirrel vs. .358 in a human. Velocities are about the same; those pellets were moving out at about 920 fps, though they slow down very quickly, with the diabolo shape and ~8 gr. projectile weight. Probably not a factor at 13 yards.
* I have some slo-mo video where I could see the initial impact very well. Anywhere in the head or neck just turned their lights out immediately, which was not always the case with a domed pellet or hollow point. Anywhere in the heart/lung area just caused quick and massive bleeding and they never made it more than a few yards when hit like that.