Everything I've read in shotshell reloading manuals states that you should follow the recipe exactly and not attempt to extrapolate loads. I've interpolated powder charges a few times, but that's only when published data shows powder charges that bracket the one I want to use, with all other components held constant.
I would not try to convert 3.5" shells into 2.75" shells; you simply don't know how the internal volume, taper of the case walls, etc., compares with regular 2.75" shells . . . and even the act of forming a new crimp after trimming 3/4" off the shell could change ballistic characteristics.