Well shucks, now I am kinder wonderin myself about this here problem. Less than a foot pound ya say? I knows my feet er heavier than that but we ain't here to argue over who's got the bigger clod hoppers. I've never been very good at decipherin numbers so suppose'in you walk off down yonder about 40 yards and I will shoot old "Betsy" in you-alls direction and we'll see what happens....

Seriously though, it is a good question, especially since I use a short barrelled gun, which I prefer in the turkey woods. The number of turkeys killed every year at forty yards tells us that there is enough energy left to do the job allbeit I don't like six's at that distance.
I have shot into pine boards at forty yards to get a feel for the type of energy that is left in the pellets. Here are a couple of conclusions I came away with from my testing.
First, the penetration of the pellets tells me there is enough energy left to do the job. Second, the energy is not evenly distributed over the entire swarm of pellets. Some penetrate noticeably deeper.
Assuming the pellets themselves are equal in density, much of the energy distribution has a lot to do with air resistance as the latter pellets draft behind the lead pellets. In other words upon ignition, as the shot string is released, the front pellets encounter resistance from the atmosphere and slow down. The pellets that are behind them in their wake, pass the lead pellets, and this process continues downrange until they are spread out far enough to where the atmospheric pressure is equalized. In effect the shot string is "peeled" back in mere milliseconds as it goes down range.
I do think that powders burn more efficiently now than they did back in the day when we could use lead on waterfowl so that would also affect velocities in a short barrel in a positive way.
There is no question that a heavier pellet is advantageous downrange in terms of energy and most times pattern density. I also believe that while ft/lbs of energy is certainly important, the shock value of multiple hits also carries merit.