What caliber? .22, 9mm, 5.56, 300 Blackout?
Depending on your use/application, it may not make a difference. I don't think you can go wrong with any of them as long as you get a quality barrel from a reputable manufacturer.
I have a Noveske 10.5" Mod0 SS Med Contour 5.56 in my SBR. My understanding is that 10.5" is the minimum to maintain sufficient muzzle velocity to have decent terminal ballistics with 5.56. It won't have a fierce of a muzzle blast as 7.5". There are some mention of 10.5" not having enough dwell time for the action to cycle or more ammo sensitive. My 10.5" has been flawless with range .223 and 5.56. Which brings up why BCM only has 11.5" instead of the 10.5" is due to that "dwell" time. BCM's 11.5" states that it is more forgiving to ammo because of the additional dwell time. So with that in mind, having a 12.5" would mean even more dwell time.
Only thing I would change would have been to get a CHF chrome lined govt profile 10.5". The Noveske Mod0 is a Medium contour SS barrel and is quite heavy (Adams Arms gas block does not help the weight situation, but makes it pleasant to shoot suppressed).
I am building a 300 BO pistol right now and planning to use an 8-8.5". I want a compact AR pistol, but enough handguard space to just cover up to the shoulder of the barrel to hold on to. I chose 300 BO because I can run subsonic ammo, without a suppressor, and still have the action cycle. Subsonic 5.56/.223 will not cycle an action.
My current favorite AR is my 16" midlength (standard CMV BCM 16" govt profile). It feels lighter, muzzle wise, and overall very soft recoil impulse.