RE: Penetration or devastation; that is the question
Wayne, I hope you didn't think that I was saying you are a poor shot. Certainly wasn't my intent at all.
You're definitely right about the many differences there are in shooting targets and live animals. For one thing in shooting targets you are not worried about the angle, only where the arrow impacts. On live animals you have to be just as aware of the flight path of the arrow as you are where it hits. Angle is everything. Further we won't even get into the movement of the animal or awkward shooting positions.
Certainly a bigger broadhead gives one a larger margin for error. I too have had excellent results with the Hammerhead 3L. I don't think you are missing anything in reference to passthroughs and bones. If on a mature animal, a person hits the ridge on the scapula bone square, the arrow is NOT going through, I don't care what your shooting.
I wish you well...