explain the weight of the the plate if it was wood? wood bends and bows? I didn't see "splintered"
Take a look at Test No. 258-20 in table 3 on page 37 of the report. It lists the "Condition of Plate Following Impact" as "Badly Bowed and Splintered". Other test in that table list the condition of the plate following impact as being "badly damaged", "badly bowed", "destroyed", "plate split", etc..
The dimensions of the two plates used in the tests are given in table 1 on page 9 of the report as follows:
No. 1, 32 by 27 by 0.69 inches with a weight of 40 pounds.
No. 2, 48 by 18 by 0.50 inches with a weight of 44 pounds.
You were right about the weights and I don't find a reference to the material at this moment but it is certainly not going to be metal.
These plates were dropped from a stationary helicopter at altitude. What happens to the plates before they start rotating is not relevant here. It is only the drag coefficient after the rotation starts that applies to the placard. Remember that the placard goes through the 727's downwash and it is going to be rotating like crazy from that point.
The Sandia Report is available here <https://apps.dtic.mil/dtic/tr/fulltext/u2/a395124.pdf>.