I have a 20" 77MKII ( I had cut down for my preference of handling, being in a tree stand, deep snow, carry, etc.), a 77 RSI @ 18.5", and had a 19" Encore - all in .308.
I think 20" is great in a .308 and my experience has been from 25 to 30 fps loss per inch, which I don't think has any practical significance in the woods. I have a #1 RSI in .30-06 and at 20", it is sweet to handle and carry.
If the barrel job was well done, good crown, and you like the rifle for you, I'd buy it. I'm no expert, but I think some will opine that such a modification on a #1 would reduce its value.
That may be true, and there are certain rifles I would not alter because of that reason, but if you like the way it handles, shoots, and looks, that's what counts.