Not sure i understand the premise of the question. At 1.270 the 2 concerns i would have would be, 1) will it feed from the magazine, and 2) will the bullet be on the rifiling when chambered. I'd definitely test a dummy load before loading up too many at that length with a LRN bullet. As far as the seating depth having a negative impact on the extractor, I don't believe that would be a consideration. But LRN bullet profiles tend to have a wider radius at the nose compared to jacketed, and typically need to be seated shorter than a comparable jacked bullet to keep the bullet from hitting the lands when chambering. Having the bullet touching, or jammed into the lands can cause chamber pressure spikes...
Now, if the round passes the plunk test, and feeds from the magazine just fine...and is accurate from your gun, you probably have a winner.