Depending on what powder you use you may gain nothing by going to a 20 inch. I have 4 .458 SOCOMS, AR lengths of 13.5, 16, and 20, and with all three barrel lengths, with H110, there is less than 50 fps difference between the 13.5, 16, and 20 inch barrel. With Re #7 there is about a 100 fps difference between the 13.5 and 20 inch but that is all, and Re #7 is about 100 fps slower to begin with than H110.
So if your RR is 16 inches and CAR gassed or is a midlength but runs with H110, you will not gain much if anything by going to a 20 inch.
If you want lightweight, then turn down your 16 inch to a more reasonable weight.
Re-profiling is not a big deal. Take it off, send it ADCO, or you can send it to Paladin Machine Shop Services and they can re-profile the barrel to whatever you want.
I have two AR lightweight barrels. Both are .800 past the chamber to the gas block, .750 at the gas block, then .730 to the muzzle. With a .458 hole in the middle that makes for a very lightweight barrel. My 14 inch bolt action pistol is also a taper past the chamber to .730 at the muzzle (same profile as the original .308 barrel) and it weighs next to nothing but handles loads that would damage an AR with impunity.