I was using a Vmax 32 in my .204 and it performed very well. I tried a 40 gr Nosler and like it just as much. Holds together a bit better. I have never experienced a bullet splashing if it hit bone yet and that included the vmax which seem more explosive. Most of my shots are under 200 yards and so far no bullet splash. This is a video I made of my .204 vs a antler and a cow femur bone at 100yrds. I also fired the .17 wsm at it just to see how it would do.
https://youtu.be/dxjEJCxCBnA