For some factual information: the standard 5.8x42 load (used in the assault rifle, carbine and LMG) is a 64 grain bullet at 3,050 fps from the 18 inch barrel of the assault rifle, or 3,180 fps from the LMG's 22 inch bbl (and, for the sake of completeness, 2,590 fps from the carbine's 12.8 incher). In other words, in pretty much the same league as the 5.56mm M855. What is unusual about it is that the bullet is a true hard-steel-core AP type, able to penetrate up to 10mm armour plate at 300m. No doubt something to do with Western body armour...
The long-range heavy bullet loading is used in the GPMG and sniper rifle (it can be used in the other guns, but not too often). It weighs 77 grains and is fired at 2,940 fps from both guns (23-24 inch barrels). It has more lead, less steel than the light load. Incidentally, the heavier bullet protrudes more than in the light load, with an overall cartridge length of 61mm instead of 58mm (cf 5.56x45 = 57mm).
Both rounds are loaded to low pressures by western standards (41,500 psi for the light load) so the round clearly has room for upgrading - but I don't know whether the guns have.