Well, sorry that nothing above was worth learning. I disagree that velocity does not correlate to chamber pressure. Also, this is only my opinion, but after 40 years of researching, shooting, and reloading, plus having a couple dozen K frames to shoot, I am confident in my comments.
It is true that an equations cannot be written, but it is also true that velocity is a direct result of chamber pressure. Hotter loads are both higher pressure and higher velocity. Penetration is also the effect of velocity first, and then also affected to a lesser extent by bullet design with regards to 38 Special. When talking about 38 Special ammunition, most all bullets from the 1930s and still today are lead, so penetration of pine boards is quite uniform if using different profiles but same weights.
I asked the question about standard labeling of vintage pre +P ammo because that is what you would have called high pressure, while standard 38 Special loadings offered less pressure and lower velocities. Most were 158 grain RN lead running around 750 to 850 fps with about 250 ft-lbs.
My 1955 Lyman reloading manual states that average 38 Special ballistics were as stated above, and by Ralph, in the low to mid-800s while what was called 38 Special High Velocity averaged around 1200 fps. These same numbers will remain the average well back into the 1930s. Lyman advised that the high velocity loading was for heavy frame guns only. Bottom line is that current 38 Special ammo for sale is either standard or +P, making it easy to choose at the local gun store.
Buy some Winchester, Remington, Federal in various bullet weights, from 130g to 158g, to determine what is the most accurate ammo for your gun. If you are only shooting paper, stick with wadcutters as they will undoubtedly prove to be the most accurate round for most revolvers.