if you REALLY want loud, put a muzzle brake on it. Flame blowing, horn tooting, but not a bucking bronco.
Flash is not a problem if you use a Phantom. I said in another thread that my 11.5" barrel gun with an A2 flash hider had MUCH more flash than my 6.5" barreled Phantom equipped shorty. In fact, it wasn't really flash, it was a few streaks from unburned powder and a DIM glow INSIDE the brake itself. This was a dusk test, not total darkness so I could be wrong, but other posts were better at addressing flash more scientifically.
The NOISE is painful without muffs, but the BLAST is much more impressive. It's hard to quantify, but I'd say it's two to three times the pressure wave of the M44. I'm talking about the 6.5" btw.
For those who want to address energy, use bullets designed for the 22 hornet in the 40-50gr range. They'll perform better at the lower velocities.