Slayer1, the efect of gravity (the downward acceleration, or rate at which an object falls) is a constant, regardless of object 'weight'. It is known as the 'gravitational constant', and is a rate of acceleration of 32.174 feet per second per second.
Regardless of arrow mass weight, arrows will fall (drop) at the same rate, hitting the ground at the same TIME after launch. What may differ is the distance traveled in the TIME PERIOD required for the arrow to fall to the ground.
If of equal external dimensions and with equally good flight, at the same launch velocity a heavier arrow will retain more of its absorbed energy downrange. In other words it slows down slower. AT EQUAL LAUNCH VELOCITY the heavier arrow will be going faster than the slower one as you get farther downrange, and will travel a greater distance before falling to the ground.
The easiest way for you to get equal cast between the two bows will be by trial and error. Start at the same grains of arrow mass per pound of draw force. If bow efficiency is equal between the two bows you will have a starting point that is close, but it's likely you will need to adjust the heavier bow's arrow mass upwards (more grains of arrow mass per pound of draw force) to achieve essentually equal trajectory across hunting ranges.
High efficiency bows generally show more gain at higher arrow mass than do bows with slow limbs and a lower efficiency. That's one reason I do much of my testing with older-style straight end longbows. There is little difference in trajectory across a wide range of arrow mass weights. That's a great asset when testing a wide verity of differing arrow setups. Makes it easier to hit where I need to.
Hope that helps some.
Ed