Yeah, 'cause a perfect bullet base is more important than the nose in accuracy. Pretty well-known fact, I think.
I remember reading about the test trials. They did a lot of testing, and I'll try to boil it down to the semi-legaleze I read. This involved, I believe, 7.62x51 'sniper' rounds.
1. In accuracy trials, the OT bullet 'won' by a statistically clear margin. It won over other tip shapes, when the tip was filled after creation, a plastic piece was put in, etc... In short, the hollow opening improves accuracy.
1a. It's theorized that the 'hollow point' actually creates a sort of 'pseudo-point' in the air that is more regular than having an actual point. see things like wingtips on planes actually improving fuel economy. People get their doctorates trying to explain this stuff.
2. In various trials by ballistic gelatin and other means, it was found that the round didn't expand any more than the competition, wounding behavior was pretty much identical.
3. Given that wound characteristics were the same, but accuracy improved, the round passes the 'unnecessary cruelness' because it won't, on average, increase the difficulty of treating said wounds but due to the increased accuracy will actually reduce 'unnecessary' suffering by requiring fewer rounds to be shot that 'might' hit an unintended party, or even fail to kill or cause a non-disabling wound, reducing the need to shoot the target again.
Similar trials have been done with hollowpoint handgun rounds - turns out people go down faster to hollowpoints, so they tend to be shot fewer times, and on average, 2 hollowpoints is more survivable than 3 FMJ rounds.