IMO - this topic is at the very heart of another current thread regarding the wind drift of two bullets of markedly different weight, but fairly similar BCs. More specifically, a relatively new 131 gr .257 cal Blackjack bullet is being offered with an advertised G7 BC of 0.345. In theory, this bullet would exhibit almost identical wind drift at 1000 yd when launched with a muzzle velocity of ~2940 fps as compared with a 180 Hybrid at 2820 fps. As you might imagine, many naysayers have chimed in with purely anecdotal information suggesting that lighter bullets do not always behave in terms of wind drift as may be predicted by ballistic calculators.
The problem with using anecdotal information to support the argument that lighter bullets behave aberrantly with regard to "predicted" wind drift as compared to heavier bullets of comparable BC is that rarely, if ever, are the bullets compared side-by-side in an empirical manner. There are a few different ways you could conduct reasonable tests to assess the wind drift of two different weight bullets with fairly comparable BCs, but ideally, it would take two shooters of fairly equal ability, each shooting a different rifle/bullet, side-by-side, concurrently. One approach would be to center POI for both rifles on the targets at some specified distance under essentially calm conditions (i.e. no wind zeroes), then shoot them again at some point later in the day after the wind had picked up, with both shooters still holding dead center. It wouldn't take more than 10 or 20 shots each to form a couple nice groups with each load, the center-points of which could then be directly measured for horizontal/vertical deflection and compared.
The conundrum involved in the use of light, high BC bullets is not new. Years ago, I came up with the idea of shooting the Berger 90 VLD in a .223 bolt rifle in F-TR. A few years prior to that time, several individuals in Canada and the UK had had some success using that combination. They had posted some specifics of the setups they used and the whole idea intrigued and appealed to me. As a result, I ordered a .223 Rem rifle purpose-built to shoot the 90 VLDs. At the time this occurred, I was aware of only one other shooter that was routinely using the .223 Rem with 90s in F-TR here in the States. There may have been a few more that I didn't know about, but my point is that it wasn't a commonly-used setup at the time. There were more than a few rolled eyes among my F-Class shooting friends, but that did not dissuade me. To make a long story short, it didn't take long to make believers of them. On paper, the performance of a 90 VLD at ~2850 fps is predicted to be just a tick better than a typical 185 Juggernaut load, which was considered to be the "go-to" bullet for F-TR shooters using .308 Win rifles at the time. Note that the 200+ gr bullets did not yet enjoy widespread in .308 Win/F-TR use at that point. I have used that rifle in F-TR matches from 300 yd to 1000 yd in the time since, and not once have I ever observed the 90 VLDs behaving differently in terms of wind deflection than is predicted by the JBM ballistic calculator. Yet there are people that still claim the 90s "don't shoot right" at 1000 yd. IMO - the most likely reason they incorrectly believe that has to do with recent advances made in the 30 cal bullets commonly used in F-TR over the last few years.
As I mentioned, the 90 VLDs from a .223 Rem are predicted (on paper) to have ever so slightly less wind drift than a typical 185 Jug load. In my hands, my scores at 1000 yd reflected that directly over some period of time. I would always score just slightly better with the .223 than with my Juggernaut loads. However, there are now several very good 200+ gr 30 cal bullet designs that are commonly used in F-TR. Not surprisingly, the 90 VLDs give up quite a bit to loads with those bullets at 1000 yd. But so, too, do 185 Juggernauts. That's why you rarely, if ever, see the very top F-TR shooters using 185 Juggernauts at big matches. They'd simply be giving up too much as compared to the newer, high BC 200+ gr bullets. It's not that the 90 VLDs behave aberrantly, it's simply that they (and the 185 Juggernauts) have been surpassed by better 200+ gr bullets with higher BCs. Unless I knew with absolute certainty that the conditions would be relatively mild, I would not use one of my .223 F-TR rifles shooting 90s as a first choice at an important long-range match. In fairness, the 90s do have an additional issue in that it's very difficult to load the relatively small .223 Rem case to the same low ES/SD values that are readily achievable in .308 Win loads. So they give a tad more vertical at 1000 yd. However, in my hands that's usually a minor concern relative to the amount of wind deflection they are giving up as compared to the 200+ gr bullets in .308 Win. It's not that you can't shoot the 90s with almost sickening precision under fairly benign conditions, it's that your competitors shooting 200s will have a marked advantage at 1000 yd when the wind comes up. That is exactly the same reason that few top F-TR competitors are using 185 Juggernauts at 1000 yd in this day and age. Nonetheless, the value of the .223 with 90s has become much better appreciated in the last few years, especially for MR competitions, where you will often find a lot more of them on the firing line than there were several years ago.
However, the 131 gr .257 Blackjack bullet is a whole different animal, IMO. With an advertised G7 BC of 0.345, the predicted wind deflection for a Blackjack with ~2940 fps muzzle velocity at 1000 yd compares very favorably to that of a 180 Hybrid pushed at 2820 fps. The 180 Hybrid G7 box BC is ~0.349, its pointed G7 BC should be a little over 0.360). A 2940 fps velocity should be readily achievable with the 131 gr Blackjack using either the 6.5 Creedmoor or 6.5x47 parent cases.
It has always been my understanding that when loaded to equal pressure, the heavier, higher BC bullet will always show less wind deflection than the lighter, lower BC bullet, even though it will have a slower muzzle velocity. However, the Blackjack bullet is a different scenario. Here we have a lighter bullet with almost, but not quite equal BC to the 180 Hybrid. More importantly, the difference in BCs is close enough that the lighter bullet's slight BC deficit can be compensated for by its greater velocity. So on paper, wind deflection at 1000 yd should be identical, which brings us back to the question of whether the lighter bullet will behave aberrantly with respect to ballistic calculator predictions, solely because of its lesser mass. My experience and intuition suggests that in fact, this does not happen. I believe that bullets generally behave as their BC suggests they should, regardless of their mass, because the relative bullet mass is already taken into account in the BC. Nonetheless, I'm sure that others may have a different opinion, and keep their belief that the heavier bullet will generally win out.
Ultimately, it may be that only empirical side-by-side testing of rifles/loads with the two bullets will answer the question to everyone's satisfaction. I'd really love to see some side-by-side testing with the Blackjacks and 180 Hybrids. I've been watching this bullet since it was first advertised with the idea of of having my first F-Open rifle purpose-built to shoot it, much the same as I did with my first .223/90 VLDs. However, in my mind there is an even more critical question regarding this bullet than its apparent BC and wind behavior. Specifically, can they be loaded with the equal precision to the ~180 gr .284 bullets against which they would be competing? Not to take anything away from the Blackjack bullet or its manufacturers, but it is still somewhat of an unknown, at least to me, with regard to how easy it is to load and tune. There are at least two recent 30 cal bullet offerings with exceptionally high BCs for which many F-TR shooters have had extreme difficulty developing consistent loads/precision. At this point, it's very difficult to pinpoint the exact cause for this behavior, but the number of people that have experienced it suggests it's not an anomaly. In my mind, only time will tell how easy to load/tune the Blackjack bullet is with regard to an anticipated use in F-Class. shooting.