Here is a question I have had a difficult time answering with my shooting. Using the same power plant, same style projectile (pellet, slug), does a heavier projectile get pushed less by the wind than a lighter one traveling faster. It was always my belief that more weight helped buck the wind, but have seen on a few occasions where higher velocity seemed to help. Those times might have been a fluke, just seeing if anyone has seen this or was it just a wind change I didn't notice.
For pellets (not slugs) in general round nosed slugs tend to perform best in the 800 to 900 fps range. Above about 870 fps they shed velocity so fast that the additional speed does not translate to much additional velocity down range.
Slugs are a completely different ball of wax. One might be able to launch them at supersonic velocities but they (in airguns) do not have the sectional density to fly well in that velocity range. They certainly do perform better than pellets at velocities above 900 fps, but they can also out perform pellets below that velocity because of their better form factors. Slugs probably should not be modeled using the GA drag model (Sterne would be a good source to check with on that assertion before taking my word.). I would think the G1 drag model would be better for modeling most airgun slugs.
In short, you are making a trade off between the ability of the light pellet to "penetrate" the air and the ability of your rifle to accelerate the heavy pellet to comparable velocities. Sometimes the one situation will prevail, sometimes the other will.
Chairgun has a nice feature that lets you compare the ballistics models of up to four different projectiles at the same time.