It is because the center of gravity of the projectile is moved back farther making it more stable in flight.
Isn't that the reason bullets are tapered? Even my .40's are tapered at the front so the center of gravity is more towards the back. I've never seen a cylinder shaped bullet before.
Not trying to sound like a dick, but I think people think the hollow points are more accurate because it gives them more confidence. Maybe the hollow point fits where their sights are set up at better as well, but I can find 0 scientific data that proves hollow points are more accurate.
Lots of "he said/she said", but we all know how that is.
Edit: It seems Wikipedia agrees with you when it comes to rifle loads. As for handgun loads, no difference due to distance.
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