Personally, I no longer use a coned muzzle gun. This is just MY preference. I remember quite a few years ago, a fellow up our way by the name of Dave Motto won the chunk gun shoot out at Friendship with a little 40 cal. rifle. He came home, had a reamer made to cone his barrel, and after coning it, it tightened up his groups. We still cone quite a few barrels, we don't push the procedure, merely because we don't like to do it. Actually, the little tool that Joe Woods makes does a better job than what we do.
His tool does a longer cone, and, I think if coning is done right, it will not hurt accuracy, and will surely make for easier loading. However, as I stated above, I do not shoot any coned barrels. I still do some over-the-log shooting, which requres good accuracy. I don't know of anyone in this sport that use coned muzzles.