I personally believe you reach a diminishing return when you can't be confident in your setup due to trajectory errors, lost animals due to lack of penetration or poor hits.
A super heavy slow arrow will not break through a bone with any kind of consistency, too many factors and anyone who thinks they can shoot through bone constantly is foolish. There is a video on a hunting show from a couple of years ago where the archery shoots a COC single bevel head on the tip of a 600+gr arrow from a 72lb bow with a 30.5" draw and hits a bull elk square in the shoulder at less than 10 yards, that arrow got about 5" of penetration, essentially it went until it hit bone, no recurve with any arrow is going to out penetrate that particular setup.
I really cannot wrap my head around the idea of target accuracy not mattering for hunting or being able to constantly hit the same spot not being a factor. Personally, I shoot a lot and shoot a long way, I have been very successful in killing a lot of elk with well-placed shots. The animals I have lost in the past have been too poorly placed shots, these would have been mitigated if I practiced more and was more confident in my ability to execute a good shot, at the time I was young and had no clue about tuning a bow and the effort that it took to consistently kill elk with one.
I also shoot a recurve and treat it the same as my compound, I shoot it a lot and I shoot it far, sometimes as far as 50-60 yards and I shoot groups at these ranges. I tuned by the bow to shoot a bare shaft with a fletched arrow as far as I wanted to shoot and then started shooting broadheads. My arrow ended up around 600gr because I purchased 400 spine arrows and added tip weight until the flew like I wanted which ended up being 250gr between the insert and head.
If you give me two arrows that have the same durability and accuracy, also the same trajectory only one arrow has low and the other has high FOC I would choose the high FOC every time. However, I would choose either of the other attributes over FOC, (accuracy, durability).
Here are two arrows shot consecutively at 40 yards from my recurve, when I can shoot like this I am happy, both hit where I wanted them too and both flew the same which lets me know I did my part correctly. I feel like I could shoot the vitals of a deer at 20 yards with my eyes closed and for me when my groups open up to 4-5" I feel like that is my range limit. I don't understand how having an effective range of up to 20 yards is a good thing?
Here's a picture of my 600gr arrows at 40 yards from my recurve. I don’t understand how this isn’t a good thing or relative to hitting a deer?

Anyway, it's obvious that everyone has their own ideas about archery, but to get on an archery form and say there is no correlation between being and accurate shooter at targets and being an accurate shooter at animals seems crazy to me.