Ray,
Projectiles travelling subsonic are less effected by wind than those travelling above the speed of sound, but the faster a bullet travels, the less it will be displaced by wind. So, competetive rimfire shooters of all disciplines try to get their ammunition going as fast as possible without it hitting supersonic speed.
It has been found that ammunition be loaded right on the speed of sound (& that varies depending on atmospheric conditions) can sometimes end up with a stray one here & there that goes just that bit faster. As you surmised, longer barrels do cusion those peaks somewhat - sort of slow the rounds down a tad & cushion the peaks - & that's one of the reasons for longer barrels. Back 10 years or so when I still shot smallbore, we found hereabouts that the newly-marketed Federal ammunition was too quick for the newer Anschutz rifles with the short barrels & long bloop tubes (to get the sight radius - another reason for the longer barrels) & depending on the weather, up to 1 in 2 would go supersonic. It was a hoot when it screwed up those guys' groups but the crack of the hot shots tended to put the rest of us off our strokes too.
John