I've been working all day on trying to remember the story I heard about that, many years ago. Well, at least I've been at it off and on all day. Had to slip in a nap, ya know.
Here's what comes to mind... NFAA field archery shooters in the bowhunter classes aren't allowed to use the conical nib target points. They had problems with the bullet nosed shaped points not cutting good holes in paper targets, or sliding a bit when they hit at an angle before they penetrated the target, so scoring the hits was a bit tough. The small, sharp point on field points poke the paper as soon as they hit, then that bump up to a full diameter shoulder cut a good, round and easy to score hole in the paper. So they are sorta archery's answer to the wadcutter bullet.
Now, keep in mind that I'm working from memory on that, and that's always a dangerous risk to take. [8D]