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I would compare based on normally carried bullet weight in each caliber. 158 is "normal" in the 38 Spec in semi-wadcutter or hp and 125 or 127 is "normal" in the 9mm with a fmj or maybe hp. Velocity is not much different. Even if you go to the 147 gr. in the 9mm you still have less energy. However, hitting the target still beats missing it rapidly.
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