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Testing in practice range, buying hollow point alone, proccing it, then selling it results in 4 more damage on abrams 35 bullet hit to 38.Hollow point resist shred doesnt proc. Hollow point will even prevent crippling headshot resist shred if depending on what was bought first.

Yeah this happened to me once while testing. No idea what the trigger is.After a certain point the hollow point bullet shred wouldn't appear on side stats
Your tl;dr is longer than your initial paragraphBump. This has been a thing ever since they fixed resist shred not interacting properly on initial proc with items like Headhunter, so it's been in the game for months now.
TL;DR it is fine to buy Hollow Point if you do not intend to buy any other sources of resist shred that proc via shooting your gun, but if you do want to buy something like Crippling later then avoid buying Hollow Point.