FBI Ballistic Tests
As a result of renewed law enforcement interest in the .223 round and in the newer weapons systems developed around it, the FBI recently subjected several various .223 caliber projectiles to 13 different ballistic tests and compared their performance to that of SMG-fired hollow point pistol bullets in 9mm, 10mm, and .40 S&W calibers.
Bottom Line: In every test, with the exception of soft body armor, which none of the SMG fired rounds defeated, the [red].223 penetrated less on average than any of the pistol bullets.[/red]
These tests were conducted by the FBI’s Firearms Training Unit (FTU), at the request of the Bureau Tactical and Special Operations personnel. Located at the FBI academy in Quantico, VA, this is the same unit with the encouragement of forensic pathologist Dr. Martin Fackler and other ballistic experts, that dramatically advanced the testing of modern handgun rounds to estimate their wounding effectiveness and potential lethality. Ultimately, this entity confirmed that permanent crush cavities, or "wound-channels," and deep penetration were the primary factors for handgun-fired projectiles. The FTU further determined that under various target engagement circumstances, a depth of penetration in soft tissue of between 12 to 18 inches was required for a handgun bullet to be effective.
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Stolen from the Olyarms website, although I have seen other sources that have the same results.
Not sure what 7.63X39 would do but I'm guessing it would penetrate more that .223 or pistol rounds due to it's thick jacket.