Nope, if it is too light the drag will overpower it's momentum/kinetic energy.
I't the old ping pong ball vs golf ball thing.
Fastest tabletennis ball smash is about 70 mph, but it wouldn't go as far as a golf ball travelling at 70 mph.
Del
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50 ft-lb kinetic energy to a golf ball will send i the down range at 121.7 mph.
50 ft-lb kinetic energy in a ping pong ball is 502.3 mph. That will still hurt!
Now make the ping pong ball smaller in diameter so it has the same density as the golf ball, then the diameter of the 41.6 grain projectile is now just a bit over 5/16”, and that is going to punch a pretty nasty hole into just about anything it hits.
Alan