Yes, definitions are important. Semantics moreso, though.
Accuracy is the deviation from true value (bull's eye) of the mean of the set (center of group of bullet holes).
Precision is the "spread" of the set, and by extension, the ability to place bullets along the same path.
If your shots group .5" at 100 yards, but a foot low, that's good precision and poor accuracy.
If your shots group 12", and the average of the "group" lands on the bullseye, that's good accuracy, and poor precision.
Because the barrel vibrations would be dampened, and fewer bullets would "diverge" from the muzzle, the 16" should theoretically have better precision.
However, because of the "compressed" trajectory (the result of lower horizontal velocity and constant vertical acceleration), it will be more difficult to determine at which point of the trajectory the bullets will impact; as such, the accuracy is adversely affected.