Since the majority of .223cal/5.56mm rounds are designed to wound by tumbling/fragmenting
Do you mean majority of TYPES of ammo, or the majority of rounds actually loaded and sold? I count a lot more varieties of .223 HP load types than FMJ types.
Every document I've seen on the development of the M193 round--as in back then, not based on what we know now--shows that the focus was on increasing hit probability by making the round shoot flatter. Just high velocity with a little boat-tail added to keep it moving fast past the first 300 yards.
Fragmentation was a happy accident--not designed into it at all. In fact, you could argue that in the process of increasing penetration with the M855 63-gr NATO round, the ballisticians designed some of the fragmentation/wounding properties OUT of the round.
The advantages of HP ammo in .223 are thus:
1. Reliable expansion. Varmint bullets, dude! This expansion is not defeated by short barrels, low velocities at 400+ yards, or whether the bullet hits the "wrong" internal features of the target.
2. Greater accuracy than FMJ ammo.
3. Reliable expansion beginning within the first few inches of penetration, if that is what is desired. Compare with the pre-yaw "necks" of M193 and M855 wound tracks in Jello.
4. More expansion and wounding effect than most hits with M193 type ammo, WITHOUT a Y-shaped wound track that can deviate from the vital zone you were aiming at.
Doubt this? Shoot two gallon jugs filled with water at 150+ yards, using your "deadly" "fragmenting" FMJ bullet for one, and any old hunting hollow-point for the other. I sure saw a difference when I had my son do that about 4 weeks ago...Okay, it was a 2-liter soda bottle...but that gallon jug will be easier to hit.