Ah, forgot to get back to this.
Keyholing remained a mystery attempts to chronograph merely got the guide-wires bent (any tumbling bullet went outside the wires, even at close range, I quit before the main box got it).
Everything seemed very uniform, depth, length, powder charge,etc. everything seemed consistant.
Dad got fed up with it, I bought the P11 off him, and he put the cash in and bought a Ruger LC9. He's plumb happy, the same shells are NOT keyholing and are pretty danged nice in fact.
I shoot mostly factory ammo, and I am enjoying the P11. I DID notice one thing: I had never thought to try it before, but as I was emptying out some partial boxes, I noticed: It keyholes with 147 grain 9mm ammunition.
So everything turned out hunky-dory, although the keyholing remains a mystery.