drag is proportional to the square of velocity, so yes, slow moving projectiles (all things being equalish) will also ways lose velocity slower that faster moving ones... which of course means they lose erergy more slowly, as the mass is fixed.
Here's your trajectory with 11.3 FP / 340 fps at the muzzle, 44 grain pellet, and a high BC of 0.05 (educated guess, but it won;t make that much difference): 3/4" of holdunder at 10-15 yards, bob on at 20, 1.5" holdover at 25, and 4" at 30. But it is still doing 315 fps at 30 yards, and retains 9.7 FP energy, having lost almost nothing. A 12 FP .177, by comparision, would have lost around 100 fps at that range.

If I had this gun, I'd actually zero it at 18 yards, for a nice PBR of 5-21 yards (with a 1" KZ).
Always looking for any cheap, interesting, knackered "project" guns. But not lathes. I have too many lathes. Thanks, JB.