Ok, keeping it to mass and acceleration, Force = Mass x Acceleration (or Velocity squared). Inertia (in simplified form, the inertia of a rod rotating around an axis at the end of its Length) is (Mass x Length squared)/3.
So, the more mass and/or length, the more inertia you have. High inertia is good on the cutting end, less so when you're starting the swing. Excessive mass or length means that you are going to have a hard time overcoming the inertia to get the blade moving, and your acceleration is going to suffer. Lots of mass with little acceleration is still going to equal a small amount of force.
In the F=mA, it's easier to up the A and keep the m low. If there's too little mass, though, it will not have sufficient inertia to bite in deep, and your penetration will still be shallow.
So, in my opinion, you need the blade light enough to move easily so you can get fast acceleration, but with enough mass to it that it will have sufficient inertia to bite deep on impact.
If you're looking more at point work and stabbing, speed to overcome your opponent's bladework becomes more important, and the weight to chop becomes weight that slows down your point.
I never was good at math, though.

Momentum, kinetic energy, and I'm sure other physics is involved. It's those darn Newtonian Laws of Motion.