Yes, higher velocity should give you greater expansion, but in tissue greater expansion means less penetration. The 147 is a very balanced round. It has good expansion to around .55 caliber and good penetration. I just dont understand what's missing? Why the compulsion for more when the cartridge is perfectly adequate. When you go to +P recoil,muzzle flash, and noise are greatly enhanced especially the muzzle flash. The standard pressure 147 has very little muzzle flash. I wouldnt want to give up that for what would be at best a negligible difference in expansion; especially considering the vast number of shootings happen at night.
With the 124's you get something you can clearly measure, increased barrier penetration sufficient that it passes the FBI's criteria. With the 147, you're already there so why the need to push when it will hinder tissue penetration, and give you a very noticable muzzle flash?
The 147 is IMO about the ideal LE round. That being said, when I carry a 9mm, I typically carry std pressure 124's. I dont care for the increased muzzle flash, I consider that something to be avoided at all costs. If I felt that the standard pressure 9mm lacked sufficient power to get the job done, I'd carry my .45 rather than juice up the 9mm to the point to where muzzle flash is greater.
And I think when going to a +P, what is it that you're seeking? If barrier penetration, then the std pressure 147 will out perform the 124+P's. If it's bullet diameter, then switch to the .40 or .45 and now you get the larger diameter without giving up tissue penetration and adding a big muzzle flash.
Just my .02.