Any sub-22" barrel is a marketing thing(no such thing as an M-14 carbine) with reduced velocities and increased muzzle blast and flash. The latter isn't a big deal unless you ever get to shoot in a night match. That'll be a rare thing though. If you hunt with it, the flash will be extremely noticeable at dawn and dusk. Neither is much of an issue.
Anyway, if you're not reloading, you'll have to try a box of as many brands and bullet weights as you can to find the ammo your rifle shoots best. I'd be thinking 150 to 180 grain bullets with a preference for 165 grain hunting bullets or 168 grain match bullets. A lot depends on what you're doing with your rifle.