I did some calculations a few months back using a calculator that estimates "point blank" velocity with different arrow weights based on my bow's setup. For the sake of doing the numbers I pretended each arrow was tuned to my bow. If I remember correctly the graph was a U shape where there was actually two arrow weights with different velocities and weights that had fairly equal KE. One light arrow and one heavy arrow respectively. Of course momentum sides with the heavier arrow when comparing the two. And yes the heavier arrows eventually showed a climb in KE. I also did some calculations regarding impact force, momentum, elastic collisions, and so-on. Unfortunately when I just looked for the spreadsheet it seems to be missing. It's a very interesting topic. Being new to traditional archery I have been very interested in maximizing the chance of making a kill if I shoot too far forward and hit bone coupled with having an arrow with the least amount of arc out to 30 yards even though 25 yards is my goal for personal effective hunting range. If I find the spreadsheet I will share it with whomever cares to see it.