This may be "old news" for you folks, but I've discovered something while tuning my arrows to a new to me bow. I made a post regarding a tuning question, that the bare shafts show slightly stiff. The fletched arrows and bareshafts have the same point of impact at 20-25 yards. (Didn't check any further).
I just realized that adding weight on the BACK of the arrow adds stiffness the the arrow. This is per Stu Millers and 3 rivers dynamic spine calculators. My arrows spine at 60lbs bareshafted, but per both of the calculators, my arrows spined at 62 lbs, which is 2.2 lbs of what my bow comes up.
So per my observations, not only are the feathers stabilizing the arrow but also causing more stiff arrow. Play around with Stu Millers calculator and you will see.