Further arguments are offered in defence of the position that the variant of quantum field theory (QFT) that should be subject to interpretation and foundational analysis is axiomatic quantum field theory. I argue that the successful application of renormalization group (RG) methods within alternative formulations of QFT illuminates the empirical content of QFT, but not the theoretical content. RG methods corroborate the point of view that QFT is a case of the underdetermination of theory by empirical evidence. I also urge (...) caution in extrapolating interpretive conclusions about QFT from the application of RG methods in other contexts (e.g., condensed matter physics). This paper replies to criticisms advanced by David Wallace, but aims to be self-contained. (shrink)