Not weighing in on the gun control issue, but I would like to point out a few discrepancies:
Full-auto (class 3, NFA) is not illegal. It takes a Class 3 dealer, the $200.00 NFA tax stamp, 3 months of waiting for the ATFE, and a crap-ton of money. I have two Class 3 weapons. You are investigated like there's no tomorrow. Also, you give up your right to search and seizure. The hardest part is coming up with the (tens of) thousands of dollars to buy one.
By "full jacket", do you mean Full Metal Jacket (FMJ)? If so, they're not illegal, to import, manufacture, or own. I buy quite a bit of them because they're cheaper for plinking vice JHP or BTHPs. Also, you can still buy the South African steel core ammo. If you use a big enough round, anything is armor piercing.
Phosphorous tipped rounds (tracers) are illegal in some states, but mostly not. If you mean tracers as anti-personnel rounds, like magnesium, then your're right.
Most states don't have limits on high-capacity magazines. HI, MD, CA, NY, and Cook County IL have restrictions, but the other states don't. I may have missed one or two, but I think that's it.
As far as I know, there's no restriction on caliber size. I have an antique .69 cal musket. They also sell reproductions, so I don't think anything new came down the pipe about caliber illegalities.
I'll go back to lurking now...