Sometimes velocity comes into play because of wind drift comparison between cartiages. Also, for another reason I'll discuss. For example, one comparison, a 6ppc vs. a 22ppc-.xxx version. In order for the 22ppc-.xxx not to be at a disadvantage, you need to at least reach a velocity of 3500fps with competitive accuracy, if not, then just shoot the 6ppc. Sure, you can make a 22ppc-.xxx to be as accuarte at a lower velocity in good conditions but good conditions are not the normal during actual competition and thus a similar mistake on the wind will cost you more bullet drift with the 22 than the 6ppc, which ends up being a bigger group. Another example, which is one I really like to use, I was shooting groups one day at a friends house with a 22-250, my buddy said that he could shoot the same groups with his 220 swift so with the presumed increase in velocity, why wasn't I shooting a 220 swift he asked. I went over to the vehicle and got out the chronograph and set it up. He shot over it and in order for him to get the accuracy out of his swift, he was shooting, I believe, 5 grns more powder and was getting 200fps less than I was. So then, I asked him, why aren't you shooting a 22-250, in which he didn't have an answer. This is the second reason that can come into play. My friend just assumed, since he was shooting a swift, he was getting a greater velocity than a 22-250. Now, before I get flamed, this is gun dependant, if he had a swift that could shoot accurately in the higher velocity window, then his statement held more water. Just like in hunting rifles, if I can't get acceptable accuracy toward the top of a chamberings velocity, then why don't I just shoot a smaller cartriage.
Hope I kinda explained that well.
Hovis