If you used energy instead of velocity, the result would be a parabola, since you square the velocity to get the energy.... For a given projectile you need to double the velocity to double the penetration, which increases the energy by 4 times...
A 68 pounder smoothbore and a 7 inch Armstrong gun firing 200 lb shot had been fired at 4.5 inch plate backed by 18 inches of teak. The 68 pounders had penetrated the target, while the 200 pounder had made hardly any impression on it. Noble showed that the answer lay in the relative velocity of the two projectiles. The 68 pounder had been moving at 1,425 feet per second when it struck, while the 200 pounder was loafing along at a mere 780 feet per second. On the face of it, the 200 pounder with 156,000 foot-pounds of energy should have out performed the 68 pounder with 96,900, but the low velocity of the heavier projectile allowed the plate to deform and resist the blow, whereas the higher velocity of the 68 lb shot tore through the plate before it could begin to absorb the blow.As Noble said in his paper, "What is wanted is velocity; if you sacrifice it to weight you will only be able to keep knocking at the door without entering."