Wolf ammo, Tul exc. has a lead core, and a steel jacketed bullet, with a .005 inch copper washed coating over the top. Wolf, nor Tul will harm any guns. They won't harm the extractor, they won't harm the rifling.
To try and answer the OP's question: I don't believe the steel jacket helps with any sort of barrier penetration, too mild. I shoot quite a bit of the stuff at all sorts of interesting desert targets and honestly it looks just like a normal lead/copper bullet when you pull them out of objects or find them in the backstop. The steel jacket does present a fire risk at ranges, though I can't confirm this as I am not usually a range goer.