Great discussion.
My experiences parallel close to Kevin’s, though I put arrow flight right up there with the broadhead for penetration. For me, a straight flying arrow comes first, then choose the broadhead. With so many well made, quality broadheads out there, use the one you can sharpen and hits where you want to. For the last 10 or 12 years the Eclipse 145 grain has been that broadhead for me. Mostly because you can use the bleeder blades when hunting anything smaller then an elk, then take them out when hunting elk or anything larger, without having to mess too much with your arrows.
Before the Eclipse I didn’t have a favorite broadhead but killed critters with the Grizzly 190 (second favorite), Magnus II, Woodsman, Snuffer, and Doug Campbell Damascus trade points. Unlike many, I am not a fan of Zwickey’s. I had several fail (welds blew out when they hit wood/trees) and just can’t make myself trust them.
With Alaskan Moose, Montana Elk, and Montana Bison (yes I hit the lottery an got one the 40 tags) scheduled for this fall the bleeder blades might not make it into the quiver this year.