As a near-primary thrower, I often find myself using 3 - 4 throwing axes on people in most medium to light armor when I have 37 strength and 12 power throw, in fact, I usually have to finish them off with my fist (which seems to do more damage than my throwing weapons.)
Even against an archer who has no iron flesh, is wearing a linen shirt and a straw hat, I can put up to four heavy throwing axes into their torso and just watch them dally over to cover and continue to shoot my teammates from a different angle, which I often find quite irritating considering that means I often dispatch six or seven into someone with Kuyak before they die. And my most frequent killer is the dreaded two-hander in his heavy kuyak and Vaegir helmet screaming out in anger as I franticly throw axe after axe after axe into his torso and face before he finally approaches me and lops my head off with the hilt of his sword after doing a 360 jump spin that warps his hitbox to a dot of quantum proportions, making my projectile fly through his body while I use my last breath to curse inability to switch to melee mode because I'm apparently so scared by the wandering behemoth that my limbs are frozen to the point that I'm uncapable of lifting my axe.
But you know, maybe I'm just new.