In both the KE and Momentum formula the mass of the arrow must be in pounds. In each formula the product of the multiplication(s) must be divided by the Gravitational Constant (Gc). The Gc is 23.174 feet per second per second.
The correct formula for an arrow's momentum is:
Mo = Mass in grains X Velocity in fps divided by 225,218. The answer will be in Slug-Feet/Second,
(225,218 is 7000 X 32.174. The 7000 converts grains to pounds, which is then multiplied by the Gc.)
For what it's worth, the formila for KE is:
KE = 0.5 X arrow mass in grains X the arrow velocity in fps squared, divided by 225,218.
As with the momentum formula, 225,218 converts the weight in grains to pounds and adjust for the gravitational constant.
As for what is a good number for momentum, that can depend on arrow setup. I'm routinely getting exit wounds on Asian buffalo with an penetration enhanced EFOC arrow setup at 790 grains and 28% FOC with 0.523 Slug-feet/Sec of momentum, and just under 39 foot pounds of KE.
Ed