I like Number two. I try to use just enough velocity and bullet SD. To do enough damage for a clean kill without blowing the H out things and then exit. This takes a lot of testing and keeping records but I usually accomplish just that. For deer thats a bullet of about 210-230. at about 2700 FPS. If the rifles lacks that velocity then I go with a heavier bullet. I still like to see the bullet exit. I have come to the point where I don't want any load going over 2800 fps. Keeps down the bloodshot meat. Two good examples of my deer loads would be the 6.5 120 caliber and 284 caliber 120 grain bullets at about 2700-2750 fps. One exception is the 6.5x55 with the 140 grain Hornady SP at about the same speed. Kills like a lightning very little meat damage. NO trailing.