The whole "point" of the Leverevolution bullet was the pointed plastic tip giving it better in flight ballistics than conventional flat point bullets, whil still being safe in tubular magazines.
While I haven't personally shot any of this ammo, I understand the idea behind it. The "soft" (compared to the bullet) plastic tip won't detonate the primer of the round ahead of it in the magazine (like a "hard" pointed bullet could), will even deform slightly to absorb the energy from the recoil and the magazine spring, and then return to their pointed shape for maximum aerodynamic advantage.