If you hunt deer sized game, you will have to worry less about FOC. I had sometimes better penetration with wood than with carbons which had much heavier points than my wood arrows.
But each hunting situation is different.
If you plan on hunting hogs and plan on being able to shoot at the big boars which may have a shield, then a EFOC is probably a good idea from below 55-60# bows.
Traditionally there was probably higher FOC in hunting arrows than we think. All broad head arrow points were forged. Depending on the form they were thicker and heavier than a modern glue on point made mostly from layered and brazed sheet steel with a ferule made from the same materials.
Think along the lines of a regular sized broad head with a tang that can be inserted and wrapped to the arrow shaft or a hand forged ferrule. Most of these points are 250 grains+.
Another advantage was, that with heavier points, you will need a slightly larger diameter shaft.
If you have to form your shaft with hand tools from split pieces of wood, then slightly larger diameter will help you to:
1.) Get there quicker with less labor time
2.) Less chance of ruining a shaft because it became more fragile if it needs to be worked thinner.
Modern bow hunting derives mostly from target archery equipment. When modern bow hunting came up, a lot of supplies could already be machined with power tools. Power tools will allow much more consistent dimensions in large batches.
Target archery was shot to much farther distances than what is common for hunting, thus lighter arrows with lighter points gave you a flatter trajectory. The modern wood arrow standards come from a time where there was limited game and main focus was field and target archery, that's why everything is "thinner" and "lighter".