>>861523Maybe, maybe not.
Terminal ballistics are complicated.
It depends on how much the bullet deforms upon impact, among other things. And if you push a bullet faster that it was designed to perform at, it will splatter, deform, and won't penetrate well at all.
If you want maximum penetration from your projectile, you should try to ensure that your impact velocity is just above what is required to make the bullet deform.
There's a whole lot of bullshit and fuddlore out there about "what REALLY knocks 'em dead", but this site does the best job I've seen at trying to explain what really goes on at the point of impact, as written by a professional ballistician. Here's the relevant section on deforming bullets, but the whole site is a great read if you're really interested.
http://www.rathcoombe.net/sci-tech/ballistics/methods.html#deform