RE: Heavy arrow, more KE....light arrow, more speed..??
I go with the need for speed!!
I saw my buddy shot at a doe and the doe turned its head before the arrow got there, he's only pulling back 50 or so pounds w/ alluminum arrows. The point is they both do the trick.
Confidence is the key. Whatever gets the job done. And heavy and light arrows both do the job. It's personal preference.