The following was taken from an article by Chuck Hawks at (
http://www.chuckhawks.com/rifle_barrel.htm).
Jack O'Connor wrote in The Rifle Book that, "The barrel shorter than standard has a velocity loss which averages about 25 foot-seconds for every inch cut off the barrel. Likewise, there is a velocity gain with a longer barrel." He went on to illustrate this using a .30-06 rifle shooting 180 grain bullets as an example, so his estimate was obviously for rifles in that general performance class.
Other authorities have tried to take into account the different velocity ranges within which modern cartridges operate. The Remington Catalog 2003 includes a "Centerfire Rifle Velocity Vs. Barrel Length" table that shows the following velocity changes for barrels shorter or longer than the test barrel length:
MV 2000-2500 fps, the approximate change in MV per 1" change in barrel length is 10 fps.
MV 2500-3000 fps, the approximate change in MV per 1" change in barrel length is 20 fps.
MV 3000-3500 fps, the approximate change in MV per 1" change in barrel length is 30 fps.
MV 3500-4000 fps, the approximate change in MV per 1" change in barrel length is 40 fps.
The 45th Edition of the Lyman Reloading Handbook also has a table showing Center Fire Rifle Velocity Vs. Barrel Length. Their figures apply to barrels between 20 and 26 inches in length and agree with the Remington figures. The Lyman table shows the following approximate velocity changes:
For rifles with muzzle velocities in the 1000-2000 fps range, the change in velocity for each 1" change in barrel length is 5 fps.
For rifles with muzzle velocities in the 2001-2500 fps range, the change in velocity for each 1" change in barrel length is 10 fps.
For rifles with muzzle velocities in the 2501-3000 fps range, the change in velocity for each 1" change in barrel length is 20 fps.
For rifles with muzzle velocities in the 3001-3500 fps range, the change in velocity for each 1" change in barrel length is 30 fps.
For rifles with muzzle velocities in the 3501-4000 fps range, the change in velocity for each 1" change in barrel length is 40 fps.
These are approximations, of course, but can serve as a reasonable guideline. I'm sure that much of the loss (or gain) depends not only on the muzzle velocity range but also a great deal on the type of cartridge you're talking about. A large case volume magnum rifle shooting a very slow powder probably suffers much more velocity loss for each inch of barrel removed than a small capacity cartridge shooting med to fast burning powders with similar muzzle velocity (e.g. a .300 Win Mag shooting a 150gr bullet vs. a .223Rem shooting a 55gr bullet).
I'd advise that you invest in the chrony you've had your eye one. I own one and I wouldn't do load testing without it.
Mike