I shoot very heavy aluminum arrows. My 42" bow shoots a 637 grain 2117 arrow which gives me a 15.16 GPP (grains per pound) arrow, but it's only 15.4% FOC.
My 37# bow shoots a 550 grain 2114 arrow which gives me 14.86 GPP ( grains per pound) arrow, but it's only 16.2% FOC.
Now, someone can correct me, but if you add more tip weight to an aluminum arrow, you weaken the spine. Since spine is weaker, the arrow has to be cut shorter. This will increase FOC, but it's also going to increase GPP (grains per pound) as well.
If you want to substantially increase FOC without making a huge increase in GPP, shooting carbon arrows is the way to go.