"Open Tip Match" is a term to help differentiate bullets that have an "open tip" from "hollow point" bullets. HPs are supposedly designed and built to expand, while OTMs are designed and built for accuracy. The reason is that making a bullet cup with the tip open means that the base of the bullet can be made very consistent, which contributes to accuracy. And on the scale of a bullet, the opening doesn't have any significant affect on aerodynamics, as a similar opening on the scale of an airplane would. So repeat after me: "open tip bullets are NOT hollow point bullets." Keeping the terminology accurate can help avoid another episode of "bullet ban" stupidity.
SOME hollow point bullets work very well. Others, not so much. It depends on many factors, including the overall bullet design, and very critically, the velocity the bullet is traveling at when it impacts the target.