You will get more muzzle blast and more muzzle flash, particularly at twilight or in deep shadow. If you reload you might get less of both with a relatively fast powder.
Lloyd is correct. Some years back Lyman conducted a test of what the effects were of varying barrel lengths from 20 to 26" and found that for bullets traveling in the 2500-3000 FPS range that each 1" change in barrel length equated to about 20 FPS. Bullets at the faster end of that range, like a 130 grain .270 load tended to lose more velocity but even if you lost 60 FPS it would have no practical meaning to a deer.
Lance