If they're American factory loads, it's possible that the service pressure of those loads will exceed the service pressure the gun was designed to handle. The extra length of the hull in a shorter chamber will also result in another increase in pressure. Most likely a few hundred psi, but possibly a bit over 1,000--per Sherman Bell's tests, reported in DGJ.
I have done it, and many people here do. But you need to have a clear understanding of the above issues, and you have to take steps to reduce the pressure of your reloads. I probably wouldn't bother if I were only shooting a few boxes per year. If you're using the gun a lot for targets, then working up low pressure reloads--probably 8,500 psi or less, which is 3,000 psi under the standard service pressure of American 16ga loads--should keep you safe. Assuming, of course, that you're starting with a gun that's safe even with factory short shells.
You should also consider the gun you're shooting. If we're talking something like a Fox or Parker with short chambers, that's a different story than a 2 1/2" British game gun. American guns in general are more likely to be overbuilt than Brit game guns. Thicker barrel walls, etc. When you think of the number of those that have had their original short chambers punched to 2 3/4" and have been digesting factory loads--sometimes pretty heavy ones--for 70 years or more, that may give you more comfort in shooting low pressure reloads in 2 3/4" hulls. My first 16ga was a pre-WWII Sauer with short chambers. Not knowing better at the time, I had those lengthened to 2 3/4". After which I shot the gun for 20+ years, often using 1 1/8 oz "Express" loads on pheasants. The only damage the gun ever suffered was a break in the linkage between the top lever and the Greener crossbolt. But then Sauers, and German guns in general, are also on the stout side.
In any case, it's something you should not do without very careful consideration of the specific gun and the uses you have in mind for it.
Last edited by L. Brown; 01/19/17 06:23 PM.