I'm retired from FW profession; Indiana, Kansas, Missouri, and Kentucky. I've proposed and passed a variety of regulations dealing with calibers (firearms) and draw weight (archery). Most of the time arguments made by the public and some professionals have more to do with their personal ethic than facts or science. I don't believe in draw weight restrictions for archery or caliber restrictions (as long as centerfire) for powder burners (deer). Let the hunter be educated and decide. Some say the regulation does the educating, I've seen too much personal bias in those types of regulations, "Shoot like I do" is the theme.
I believe the average hunter wants to be successful, and that doesn't mean unrecovered quarry. They will get advice from experienced others. Sure, some will push the envelope but far fewer of these than the ones who shoot the biggest gun they can find but aren't competent enough hunters or shots to do any damage.
Wounding losses have been researched quite extensively for archery and firearms. They usually turn out almost identical at 11% fatal and unrecovered. Wounds recover.
Finally, I'm an avid air gunner (after archery). Those who argue for the simple "hole in the lungs" is all that is the goal need to remember, without enough damage or hydrostatic shock, the animal will leave the spot where it was shot, usually very fast and quite far. A blood trail will then be required to recover the animal (yea, I know tracking dogs and luck work too). A hole without enough damage or shock is not much different than shooting a deer with a field tipped arrow. Yep, dead deer but very unlikely to recover it without waiting for vultures to circle in a few days.