Using the Split Hopkinson Pressure Bar technique, strain-limited dynamic compressive loading experiments were performed on TA1/TA15 heterostructure (HS) materials. The plastic deformation mechanisms, fracture forms, and energy absorption properties of an HS material with a metallurgical bonding interface (MB) and an HS material without a metallurgical bonding interface (NMB) are compared and analyzed. The results show that there is no significant difference between the two deformation mechanisms. The fracture forms are all “V-shaped” fractures within the TA1 part. The NMB was carried for 57 μs before failure and absorbed 441 J/cm3 of energy. The MB was carried for 72 μs before failure and absorbed 495 J/cm3 of energy. Microstructure observations show that there is a coordinated deformation effect near the MB interface compared to the NMB, with both TA1 and TA15 near the interface carrying stresses. This causes an enhancement of the MB load-bearing time and a 12% increase in energy absorption.