Bipod extenders are very common in ELR competition. The idea, of course, being Archimedes' Principle that the longer lever arm will dampen displacement of the muzzle by input force on the stock. They're not decisively or definitively the "winning gear," but a lot of folks at the top of that game are using them.
Some chassis' designed for ELR competition are designed with bipod extenders integral to the design, like the Orca:
Pretty obvious are the potential issues which have to be managed in the design and operation:
--> They have to be sufficiently rigid to not create a bouncy diving board
--> Because they remove weight from the bipod feet which was promoted by the torque of the muzzle weight hanging out in front of the bipod, the rifle loses some "down muzzle" torque during recoil, so it's critical that the apex of support of the bipod has to be above the barrel so recoil doesn't create torque around the rear support to lift the muzzle
--> Brake design has to be considered to prevent blast damage to the spigot
--> Firing line footprint is longer
--> Access to adjust the bipod is farther away
But watching targets in the scope behind an extended bipod, yes, you can tell that the reticle moves less across target as you manipulate the rifle, and movement on target during recoil is generally "slower" and "less," it feels a little trippy at first as it's just easier to watch the target, and the rifle seems actively on target, but less reactive to adjustment.