FPS/ME are performance indicators for a given recipe.
What one really needs to pay attention to is Pressure, and signs of same, when determening what is 'hot'.
Most factory loads for a given bullet weight should meet SAAMI pressure's and performance guidelines.
Generally a 'heavy' bulllet will have a higher pressure and lower speed for the same recipe with a 'light' bullet. (note- Never, EVER substitue a heavier bullet for a lighter bullet in a given recipe!)
A 'hot load' is a term that usually indicates it is near max safe pressures. Some guns handle higher pressures better than others.
Also- 'hot loads' are usually not the most accurate and wear out guns much faster.
I reload a small batch of 'hunting loads' each year (200rds, 240 Nos, 23gr H110, CCI350 primer) and, the rest are reduced loads with light bullets for training/plinking. Most are 200gr CPFP w/ very little recoil. Some are 240gr HP with mild recoil. The 'hunting loads' are a full power START load and will wear your gun 300 times faster than milder loads. However, it is good to stay aquatined with, and, sight in prior to a hunt your full power loads.
But for most purposes a much milder load works better for target/plinking.
And range re-loads will generally be a smidge milder than full house stuff for the same bullet weight.
If you really want the big boom....PMC makes some pretty loud stuff. Remington too.
Garret, Buffalo Bore etc make some obnoxious hunting loads too.
I just shot my last box of S/W 240gr HP factory loads. A classic combo 240gr HP over 21gr of 2400. I could hit steel pigs and such at 200y with it (1/6 usually). Not a bad load for factory stuff. But it was going on 30 years old so it needed to be shot up.
Had 5 boxes of this stuff left... sort of a shame to shoot it up but...
Edited to add pic....