The slicker bullet theory doesnt really apply imo. Softer lead or coated lead bullets are more malleable than jacketed. That is why they more easily push down a bbl. Since vel is a product of pressures, if you reduce the pressures with a "slicker" bullet, vel will drop. This is 100% true with moly coated jacketed. I see no reason it is diff with lead or coated lead. Better gas seal from a softer bullet that is slightly over sized. My theory anyway, basec on load data & chron results. Easily verified by testing undersized lead bullets & seeing the reduced vel.