I stopped worrying about energy a long time ago with pretty much any bullet. Impact velocity has been the ultimate factor between the two, as well as impact resistance from shot placement. In my experience, the amount of energy in the bullet doesn't equate to how it behaves terminally, and if it exits, it also doesn't equate to how much of that even transferred to the animal. In my experience, impact velocity and the amount of impact resistance the bullet experiences is what determines most how a bullet will behave as it goes through the animal. So I definitely agree with how you're approaching that with the Hammers.
Matching the bullet weight and BC to provide necessary impact velocity at your anticipated and desired ranges is definitely the way to go with any bullet.
As far as the petals and shanks, I'll agree there still seems to be some mystery there as far as what actually happens and most consistently. I've seen solids that shed petals. The Lehigh Defense Controlled Chaos, for example, are purposely designed to do just that. The petals will of course still travel through the body with the shank because they still have momentum too, but have less mass by themselves, so the physics tells us they'd stop before the shank. The other factor though is the displacement of fluid and tissues creating a channel. These petals can get caught up in essentially a vacuum and pulled along a bit more than they otherwise would. That could explain some of what's been seen.
So yes, speed and the rapid displacement of fluids/tissue caused from it, is ultimately what's producing the results with the Hammers.
I have also seen evidence of tumbling too though with them. I'm not sure how common this is, and it's even occurred with confirmed proper stability achieved. The tumbling seems to occur after impact. I've seen tumbling like this with many different bullets, and it's definitely violent and tends to break apart the bullet if it's not completely solid, without a core or without cavities or slots in the ogives that is. So it's stands to reason that at least with some shots with the Hammers, they're tumbling after impact and the violent nature of it is ripping off the nose/ogive and into petals but likely more slowly as it travels through, unlike being pealed back like a banana right from the start of impact if not tumbling.
Like it was mentioned by
@vancewalker007 other manufacturers have had similar experiences with this type of terminal behavior and it appears changing the bullet to keep petal expansion more controlled and even, has reduced the tumbling and penciling greatly.
That said, tumbling isn't necessarily a bad terminal performance characteristic. When Eugene Stoner was designing what became the M-16, he was using a slow twist barrel and FMJ bullets to purposely make them tumble and do more damage. It was an effective way to get around not being able to use bullets specifically designed to expand. Tumbling does inflict a lot of damage and causes a lot of changing and alternating hydraulic forces through the body. Fort Scott Munitions actually makes a lot of their bullets from a solid chunk of copper or brass and they are purposely designed to tumble upon impact. My only issue with tumbling though is that it can be very unpredictable as far as exactly what the bullet will do and where it will go. They have a tendency to alter course. On the battlefield or as self defense, or if only culling animals or a trophy hunt, that might be fine, but with an animal you're hunting for meat, I personally prefer bullets that perform predictably, reliably, and consistently as much as possible.
I'm not at all making any conclusions here on what hammers do. I'm merely carrying on the conversation and offering some possibilities and topics of discussion that could factor in.
It's great to see a nice pile of recovered shanks though. Anything recovered is nice to see and examine.