I use Chairgun from Hawke but assume it is the same as the website you provided.
I will use BC=0.058 as this is how Hawke crossbow scopes are calibrated. But obviously heavier arrows will have higher BC, that is why those speed rings on crossbow scopes do not work for every arrow, especially heavier arrows. I never used speed rings myself but this can be reasoned.
Arrow speed will have a lot impact, for speeds 300, 400, and 500fps, the wind drift at 50 and 100 yards, with cross wind at 10mph, are:
----------------300fps-----400fps----500fps
50 yards.-------5.0---------3.6--------2.8
100 yards.------21.1---------15.0------11.5
So for the same arrow, faster speeds will buckle the wind better because of shortened travel time. So all three speeds kill deers but faster gives you better chance to hit the target in the adverse environment.
Now for the same bow with lighter vs heavier weight, one has to know the BC for the different situations. If for 400gr arrow BC=0.058, then for 600gr, an increase of 50%, I will assume the BC will also increase by 50%, to 0.087. Using my Wrath 430 observed speed, 400fps for 400gr, 336fps for 600gr. Then
----------------336fps------400fps.
50 yards-------2.9----------3.6
100 yards------12.0---------15.0.
So we see some improvements in heavier arrows but not much. The gains are negated by the list speed.
I agree this needs field testing. But I do think leaning to faster speeds helps with accuracy, at least not much harm. I will shoot arrows slightly heavier mainly to protect limbs but will not go overboard doing that.