Old news but back before the materiel update Toady himself stated that it just divides all the attack calculations by 2 when a weapon needs to be wielded two handed and only one hand is available. I've pretty much just been assuming that was still the case, but it's good to see actual ‼SCIENCE‼ confirm it. But one little question still bugs me.
What about ranged weapons? Crossbows don't need 2 hands anymore (the TWO_HANDED:0 no longer seems to force multigrasp anymore) but it is still possible to mod in a two handed crossbow. I'm sure they suffer penalties as bashing weapons, but do they suffer penalties when used as a ranged weapon?
Since I'm a modder I decided to try to answer my own question.
Since quivers can't be added to arena mode, it is impossible to spawn ranged combatants with a multigrasp crossbow, so I did this.
[ITEM_WEAPON:ITEM_WEAPON_CROSSBOW]
[NAME:crossbow:crossbows]
[SIZE:400]
[SKILL:HAMMER]
[RANGED:CROSSBOW:BOLT]
[SHOOT_FORCE:1000]
[SHOOT_MAXVEL:1000] This is just to make sure a near-weightless object doesn't go faster than the string could possibly go.
[TWO_HANDED:0]
[MINIMUM_SIZE:15000]
[MATERIAL_SIZE:3]
[ATTACK:BLUNT:10000:4000:bash:bashes:NO_SUB:1250]
[ITEM_WEAPON:ITEM_WEAPON_CROSSBOW_TEST]
[NAME:testcrossbow:testcrossbows]
[SIZE:400]
[SKILL:HAMMER]
[RANGED:CROSSBOW:BOLT]
[SHOOT_FORCE:1000]
[SHOOT_MAXVEL:1000] This is just to make sure a near-weightless object doesn't go faster than the string could possibly go.
[TWO_HANDED:90000]
[MINIMUM_SIZE:15000]
[MATERIAL_SIZE:3]
[ATTACK:BLUNT:10000:4000:bash:bashes:NO_SUB:1250]
I then threw two teams of 10 humans, each spaced 2 tiles apart to allow any accuracy reduction to play a part and let them go at it. I'm pretty much going to do multiple rounds of the same setup.
10 humans w/ vanilla crossbow and 100 iron bolts vs. 10 humans w/ two handed crossbow and 100 iron bolts.
Trial1: Test crossbow wins with 8 survivors
Trial2: Vanilla crossbow with 9 survivors
Trial3: Vanilla Crossbow with 9 survivors
Trial4: Vanilla crossbow with 9 survivors
Trial5: Vanilla Crossbow with 5 survivors
So it's looking like multigrasp has an effect there too. Trial 1 is odd, but I can't think of an explanation.