I've been playing with some long arrows. I have a 26" draw, and have some 70# arrows at 30" that fly very well from my 50-55# bows. The advantages, to me anyway, are that the longer shaft seems more forgiving, is heavier, and there is more shaft to play with for tuning purposes. If you want to experiment with a heavier point, shorten the shaft a little and go for it. Also, if the arrow breaks behind the point, as they sometimes do, just stick on a new point and commence firing.
I really don't see a downside, except that some self appointed experts think they look funny.