I didn't want to be the one to say that but another advantage for the Grendel yes and for AR discussion that's important. 16" in the Grendel mirrors the blast/efficiency of a .308 out of a 20" imo. I shoot 16" no brake or suppressor and would not want to be shorter without a can, it's got some pop.
I have a picture from another hunters Grendel kill of a perfectly mushroomed eld-m that came from a 12" AR at 320 yards with a 2200 fps launch and 1700 fps impact (790 ft/lbs) at his elevation, it was a broadside whitetail buck, through shoulder, recovered under offside hide, buck did a 40-50 yard runner. Didn't get weight of it but looks to be about 95% and peeled back to about 60% of it's original length with a nickel size frontal area. So that's where I've drawn the line for deer size game (1700 fps impact) and in my 16" barrel that gets me to 500 yards at my elevation, but will still send lead at coyotes at any distance. Reality is my fairly hard limit on big game is ~400 yards, my 420 yard doe this year was part of a double, my kid took first one at 355 and we needed the last doe for the freezer, it was last weekend of season so I grabbed the rifle and doubled up. That 1800 fps impact went through 15" and exited, drt. I'd have no issue putting that in the ribs of a moose or elk at 400.
So the info I've loosely collected on the 123 eld-m as follows.
I have a 2315 fps impact on a massive mule deer buck high shoulder from elevated ridge, caught the jacket offside and it peeled back about 75% of total length leaving 25%. If the core stayed and I had something to weigh then I'd speculate we'd have 50% retention.
I have the 2100 fps impact and recovered 81%(99.8gr) of the steeply quartering away whitetail and it peeled back 50% of original length.
The other guys 1700 fps example that mushroomed nice and looked to retain 95% weight and peeled back about 40% of it's original length leaving 60%.
So somewhere between 2100 fps (81% retention) and 1700 fps (~95% retention) the eld-m starts to hold together like a controlled expansion bullet, I'm speculating that starts above 1800 fps judging by the holes in my doe this year that exited. So until more recovered examples can be found I'd guess 2000-1900 fps is where we start seeing 90% or better weight retentions.
That's why I'm not a fan of the ARC speeds for hunting, they already 170-220 fps faster for the 108/103. They won't come into their own till beyond the typical hunting distances from most barrel lengths. If I was a long range hunter trying to max a 6mm then yes but that's not the bulk of hunters never mind 'AR' hunters. The bigger pill is where it's at. Impact velocities between 2350-1700. That's just past muzzle to 500 from a 16" Grendel running 123's (2386 muzzle-1700 at 500). Not sure what's more efficient than that, I've studied this awhile and put to use now for awhile also, only surprises have been pleasant ones.
on the 6.8 spc I had one of those also, custom asi ranch, shot a doe at 220 and few coyotes, did great, I would not stretch it like I do the Grendel, it's more of a point blank hold, deer or less, to 250 with the 110's imo, solid choice in AR if fits your needs, just falls on it's face after 250 and sd not high enough to push much past deer size game, I liked it, the Grendel just takes things to a different level with the higher bc/sd, more mass, and a little more powder behind it