You’re teeing this one up for us, right? After we released the mega compendium of pick tests a couple years back, we then took that and boiled the most important points all down to a single video aimed at not overwhelming beginners. It’s called “The Rule of Roundess”:
TLDR acoustic instrument players are going for a bright sound that projects but still has bass. A heavy gauge rounded pick played with a lower (i.e. flatter) amount of edge picking achieves this. The amount of edge picking depends on the instrument.
On mando, because it’s already a smaller more treble-focused instrument, you can use a pick like this with a little edge picking and still get a balanced sound. But on a guitar you’d have to play the pick you’ve pictured almost totally flat, like David Grier. With edge picking, a rounded pick gets super dark real fast, and it’s hard to hear anything.
You might ask, why not use a pointed pick with lots of edge picking? You can! On acoustic, you can almost get a passable sound out of a jazz III played with high edge picking, though it will take a beating. Some classical mandolin players use super pointy quill-style picks played with high edge picking. They get a super-aggressive bright sound.
But in bluegrass, more of a balance between bass and treble seems to be the signature sound, and a heavy gauge rounded pick (played flatter on guitar) is the loudest option that gets the closest to that.