A light arrow loses more kinetic energy in flight than a heavy arrow high foc. There are chart studies done with arrow builds testing speeds at the bow and 30 yards later at the penetration point. Light arrows (< 425 grain) drop at speeds of 40 FPS or more in 30 yards, where as a 650 grain arrow will lose less than half that over the same 30 yards. So realistically what happens is the heavy broadhead and insert absorb more energy initially but are able to help maintain it upon entry of an animal. Sure you can smack a gold ball further than a baseball BUT if I were to throw a ball at you, which ball would you rather be hit with and why? That’s the easiest way I can relate heavy arrows to light arrows.
I’d much rather get hit with a baseball going 100mph than a golf ball. Like the typical heavy/light circular argument, you’re not taking all factors into consideration. Surface area on impact matters...