It is an established fact that the .22 long rifle cartridge reaches it's maximum velocity in about 16 to 18 inches of barrel.
I read all the replies and agree with those in the "leave it as it is" camp. I also agree that it is your rifle to make with as you see fit. As for the "established fact", it is a fact that the more a myth or half truth or even a lie is repeated, the more it is established as a fact and true. Like already said, it depends on the barrel and the ammo used. For subsonic ammo in a quality precision barrel some test showed best speed in a 18" - 20" barrel, but another test showed 16". That is for subsonic ammo. High and hyper velocity ammo show best speed in 20" - 24" barrels but not all are the same.
But, many people including myself shoot .22LR because of it's lower speed and lower noise. I buy only subsonic ammo but do have some older HV ammo I don't use. So if speed is what I want, I will use the HV ammo. And if I want more speed than that I will go for a .22WM of a .17HMR or the next step up like 22-250, 22 Swift or .223 / 5.56.
OK, if you cut the barrel and gain say 40fps with CCI SV, from 1050fps to 1090fps, the energy gain at the muzzle from 98fpe to 106fps, that is 8fpe gain. At 50 meter with the velocity drop the energy is from 86fpe to 92fpe, that is 6fpe. So at that distance it will have no, zero practical effect on a squirrel or a hare or rabbit. I mean, in the UK they shoot rabbits at that distance with a sub-12 FPE air rifle. If you use it for target shooting only, how much energy is required to punch a hole in paper? As for wind drift, at 50 meter you will not see much difference but at long distance like 150 meter the wind drift will be less on the slower bullet and the higher bullet speed will cause more wind drift, still not much to be concerned about.
I saw some 18" barrels with CCI SV with advertised speed of 1070fps shooting 1030fps and my rifle with a 20" barrel shoot it at 1105fps average, I have shot several chronograph strings to get to that average. I definitely don't want it to shoot faster at the risk of getting a sonic boom, it will negate using a silencer. I had some "subsonic" ammo giving the sonic boom on a few shots per magazine and I just don't buy that ammo anymore.