The common misconception is that distance is TOTALLY determined by FPS... but the FPS ( or joules) is only a part of a whole that effects the distance factor , per weight of the BB being shot.
What "sells" is "higher FPS" ratings... unfortunately. People, especially the inexperienced,... see " 400+ FPS " ratings, and mentally equate that as being a "superior" gun aspect.
I've even noted where more experienced operators, will make the mistake of, tossing in a m130+ into an AEG, thinking, their shots will go farther longer.
We know, given a "standard" set up... normal torque motor, and gears, standard bucking, and barrels... this simply isn't the case. Not only, are they confused and disappointed as to why their "upgrade" didn't have the results they desired... , performance of a stronger spring, means slower responses on trigger contact, motor working harder... faster draining batteries, ect... none of which equals any kind of DISTANCE.
Higher FPS, such as in a DMR or Sniping Rifle ... usually is custom designed to "push" heavier weight BBs , at or beyond the "distance" a "normal" or Standard grade AEG would be able to perform. Heavier BBs, carry a higher momentum ( kinetic energy) far longer than a light one does, but only really shines in cases of wind or heavy brush factors usually. But, it takes some "fine tuning" to gain most excellent PERFORMANCE even out of one of these platforms.
One thing, I like to do for myself... is to get the FPS as LOW as I can, to generally get a .25 to the distance I desire. I take that a step farther, and I am more worried about ACCURATE DISTANCE ... that is, at what distance I can aim the AEG, and it still hit the Target... RELIABLY. I'm sure , I target most OPFOR between 75-120 feet , which is a reasonable accuracy distance inside the 250-300 Maximum distance such a light BB will travel outside anyways.
TM brand AEGs, really had a great "idea" , when they offered top performance, with a 300 FPS limit.
Honestly, the only drawback to this concept ( as they do it) is usually a "slower" traveling shot... even though it goes out just as far as it's American or other "clone" counterparts that DO shoot at a higher FPS rating. Theoretically ( cause it's subjective) , TMs have a nice accuracy... meaning you can hit where you aim, inside it's "hop-up" arc inside that distance.
The "trade off" is a slower traveling .25 ( as compared to .2s that is used in the areas TMs were made it, to stay under the "joules" limits set by their laws. ) , where as at some distances... you can see the shot coming, and simply side step it... or keep moving out of it' s path.
Still, the FPS "limit" there has less to do with accurate distance, than what folks "think". A slightly higher FPS, simply means, a BB will travel a bit faster along it' s "arc".
There are ways to "improve" that though here in the US...
like Airseal, Airseal, Airseal! ... The more "focused" air you can put behind the BBs, the More kinetic energy you got rocking in that BB as it flies out the barrel. Tighten the bore, even only slightly... again a more "focused" airflow ...
Combo that with nice hop up, and great performing bucking ( for straight spin , to make the BB spin upwards a bit) ... and the same weight of BBs will fly just as far, and alot straighter , a TAD bit faster. It may, or may not be so great as to be highly effective, or noticeable... but I can say on my guns, it has been.
Now , there is SOME factor of FPS, that does effect distances... but, I think... again, it has to be an "over-all" combo, depending on the desire of the USE of the platform being operated to begin with.
Many things, FPS included, in Airsoft... is highly dependent on the situation, or intended use of.
I for one, think, for what you are ATTEMPTING to achieve, or push and AEG to do, you can get too much FPS ... that will decrease desired performance in many instances.