It's both the bullet weight and the velocity the bullets are moving at that gives you this difference. The 110gr bullets are built to go fast; Hornady quotes a muzzle velocity for their factory ammo at 2375 fps. The Hog Hammer bullets, on the other hand, are built to hit hard; Remington says their muzzle velocity is 2075 fps. That 300 fps is a big difference by itself, but then it's not the whole picture. The 130 gr bullet is not as streamlined as the 110, and will have a lower ballistic coefficient (more drag). So that 4" difference at 75 yards is because the lighter, more streamlined bullet is going much faster, while the heavier, less streamlined bullet is going slower - and will slow down more rapidly.
Basically, that's "pretty reasonable" for differences in bullet weight and profile with the 300 Blackout. It does make you understand the value of hold over tables and scope cheat sheets when you shift form one round to another.
Edit to add: I should add that Hornady explicitly states their muzzle velocity is based on a 16" barrel, and while Remington doesn't come out and state their test barrel length, the standard length for 300 Blackout test barrels is 16".