My thinking has always been that if a deer can jump the string of a compound, no amount of extra speed with a trad bow will make a difference. This is speaking specifically in terms of a deer hearing the bow go off.
If a flatter trajectory gives you a slightly further point on and you can shoot an extra few yards more easily, then I'd say go for it, as long as the noise isn't such a huge jump up that the bow sounds terrible.
My preference has always been for a heavier arrow as it makes the bows nicer to shoot and quieter. Having said that, it's hard to get arrows heavy enough sometimes as we aren't exactly spoiled for choice with components down here. Current arrows for my main recurve are 600gn and the bow is 62# at my draw length. I haven't chronographed them and I don't really care as they fly nicely and hit hard. Those arrows aren't available anymore so when I buy some new ones I'll be closer to 550gn which will be noisier, but my trajectory will be better to deal with in some ways.
I think more about quiet when I use my longbows as they're even slower than my recurves but they are super quiet right off the bat. The whole point of them for me is getting as close as possible and letting an arrow go almost silently.