There are no absolutes on how any given round or bullet type will perform in any given situation, there are just too many variables...
In the OP's post, with out knowing what level of protection the vest afforded (NIJ Level IIA, II, IIIA, III... etc., they are designed to offer certain levels of protection against different rounds), the caliber of weapon, what condition the vest was in (the material deteriorates over time, exposure to heat, sweat, being washed...), what type of material the vest is made of (there are many types of material used other than kevlar), how close was the shot fired (some material will actually melt from the muzzle blast from a weapon fired at contact distance... there has been a huge recall on vests made from a certain material called Zylon), how many shots were fired (when a round is stopped, the vest suffers damage and begins to lose the ability to stop rounds in the same area) and on and on....
In regards to some other posts in the tread... Hydrashocks were an excellent round in there day, but the design of the hollowpoint is about 20 years old, and has been surpassed by other bullet designs, and is not really the best choice for a defensive round any longer. The post in the hollowpoint has been known to aid in clothing 'clogging' the hollowpoint as it passes through, and not allowing the bullet to expand as it was intended. Better choices for handguns would be, Speer Gold Dot or other brands using the Gold Dot bullet, Winchester Ranger (not easily found, as Winchester classifies it as Law Enforcement Only, but its legal for anyone to own and use if you can find it for sale), and Cor-Bon DPX.
The Hague Convention, which the US never signed, was the treaty that refrains the use of 'Dum-Dum' rounds or hollowpoints. The US Military has generally used FMJ rounds in most all of its military weapons for whatever reason... certain military Special Operations units use hollowpoints as there standard round in some of there small arms. The Mk 262 round for the SPR and other 'accurized' versions of the M-16, while not widely issued, are by design hollowpoints or more accurately in this case called OTM or Open Tip Match rounds. The hollow point adds to the overall accuracy by moving the center of gravity behind the centerline of the bullet (this is my understanding for the reasoning behind it, but not 100% sure of that)...
FMJ jacket rounds are not the same as armor piercing... FMJ only means that the lead portion of the bullet is encased in a copper jacket. If the tip was left open and a small portion of lead was exposed, it would generally be considered a soft-point, and if there were a hollow cavity at the tip, it would be a hollow-point. The FMJ round will generally penetrate obstacles a little better than the other designs will, but not anything like an armor piercing round. An armor piercing round is generally made up of a hardened tungsten steel body rather than lead, and encased in a copper jacket, and thats what gives it the ability to penetrate.
Dave