With EFOC, the weight of the tip pulls the shaft through the animal allowing for less oscillation or flexing of the shaft, increasing penetration.
With a low FOC, the shaft is pushing the point through and will flex more while it's trying to do it. More flex = less penetration.
That's just my way of thinkin.
I shoot a GT 55-75 carbon with 300 grains of tip weight from a 50# glass recurve. I guarantee it'll out penetrate the same mass weight arrow with say...a 125 grain tip.