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Welcome to the Forum.
It depends. The M16 is vastly more accurate that an AK-47. We shoot the National Match Course at my local gun club and at 100 yards the AR15s sweep the field. One chap tried using an AK-47 and had trouble hitting the bulls on SR-1. SR-21 and MR-31 targets at that range.
I agree that the AK shoots a heavier 123 gr. bullet, penetrates better and bucks the wind better than a 55 gr. .223 bullet.
The better comparison might be an M14 or AK-47. In that case, the M14 or M1A will shoot rings around the AK, has a heavier 150 gr. bullet and penetrates much better. So you see, it depends. All the best...
Gil
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