Think of the 0 speed case,The b17 drops a rock , the 51 will run into it, the 51 drops a rock, there is no way the b17 will ever run into the rock. The drag is what makes the rock from the b17 hit the 51.
The same condition exist when the bullet is moving.
HiTech
When the b17 drops the rock its going the speed of the b17 to start with. Factor the speed, mass, gravity and air density and we can calculate ft-lbs for the rock. Obviously the ft-lbs of the rock will decrease as speed decreases relative to the target. Nothing else is changing. Only the speed of the rock.
Calculate the speed of the P51 and add that to the rocks speed then we can calculate the ft-lbs of the rock when it hits the P51.
In your case the rock starts of with 0 speed....so it must be falling due to gravity at a speed up to terminal velocity. The P51 must be moving at some amount of speed to hit the rock.
I don't see how drag is a factor here. Given an objects velocity, drag should have been already factored into the velocity to start with....as far as bullets go anyway.
Drag is a by product of atmosphere. In a vacume drag is not a factor.
My point is that when calculating ft-lbs(kinetic energy) of a bullet, drag is already included when the bullet velocity is calculated.
I may be totally misunderstanding your post though.