Regarding 'capsules' and Ice Splitter / Flamethrower

Capsules make your respective skills do 100% effective damage. Without them, you consume a normal bullet instead and do about half damage. Not sure if it's exactly half, I don't believe anyone has tested it yet.

Hrmm... I'm not a pirate, but, just thought I'd throw this question out there.

Or, does it do regular damage with a normal bullet and more damage with a capsule? Just confirming.