I truly do use light arrows first and foremost for trajectory but I also use them based on the fact that any compound is less effective with a heavier arrow when speaking to penetration.
I am not suggesting that the lighter the arrow the better but I am suggesting that there is no one rule fits all for all bow designs.
Why the Ashby Theory does not apply to compounds but does apply to stick bows.Ashby (the traditional archer) took note of the fact that a heavy arrow out penetrated a lighter arrow and found the extreme, rather than looking at what would work. I agree with Ashby when speaking of the traditional bow... Sort of.
While Ashby focused on a fixed weight, he did not spend any time focusing on the arrow weight pertaining to the bow weight as does standards such as A.M.M.O.
Ashby also does not recognize the difference between the limbs cast difference between a compound and traditional bow.
Ashby ended up with an arrow that weighed in at 12 gpp (you never hear people talk about this fact) which is not dramatic for a 54# tradbow. The reason that the same effective results Ashby saw are not equal to a compound bow of the same speed is because a compound bow's limb deflection difference (between full draw and at rest) is substantially less than any stick bows deflection difference.
Lets me give an illustration as to why the traditional bow works better with a heavy arrow and a compound does not.Visualize two men pushing two women in a swing.
One Woman is 140# and the other is 280#
Both men share the same strength but one man has a reach of only half of the other.
The man with the short arms is much faster than the man with the longer arms but can only push half the distance when standing in place.
See where this is going?.
While both men could get that lighter lady pretty high with their best push, when the heavier lady gets in the seat, the guy with the longer arms is going to get her higher.
It's the difference between a push and a shove.
On a light load, a fast shove (even if limited in distance of contact) will get the load further away then slower push. Just the opposite on a heavy load. This is why a heavier arrow does not respond the same in a compound as it does when shot from a stick bow. This is why a heavier arrow works against penetration in a compound but not a longbow.
Momentum works both ways. You gain momentum through travel and travel allows something heavier to be thrown further.
Again... between two men of equal strength, the one with the longest arms will throw a bowling ball further given the same throwing style.
Ashby does not address this fact nor has anyone else because the Ashby theory is proven out.... Just not with a compound