So after swapping a 3" barrel onto my Grizzly-Mag, I tried cycling a mag full of 3" shells through the gun (without firing, just racking them and ejecting them). I got mixed results. They fit in the mag fine, they eject fine (I tried ejecting some spent rounds too) but I got mixed results with the feeding. The rounds seemed a bit too long, they would get jammed up some of the time. Sometimes they would feed without any problems though. I'm gonna have to play with it some more and see what happens...
The magazine itself should not be a problem, because it is just a hollow tube, the worst that could happen in the mag is that you hold one less round when it is loaded with 3 inch shells.
The problem probably has to do with timing in the feed cycle.
FEED CYCLE: When a shell is fired and the slide moved rearward, the fired case is pulled rearward by the bolt. Near the end of the rearward movement the rim of the fired shell strikes the ejector shoulder, causing the shell to pivot and eject through the port. The bolt continues to move rearward and the left action bar cams the shell latch which releases another shell from the magazine. The fresh shell comes to rest on the carrier and is cammed into position directly in front of the bolt, ready to be pushed and locked into the chamber by the forward motion of the slide/bolt.
PROBLEM: The most likely cause of the jam is that the fresh shell is too long to fit onto the carrier and is hanging up when the carrier attempts to lift it into the firing line in front of the bolt. Another possibility is that the carrier is attempting to lift the fresh shell into position before the shell being ejected has cleared.
FIX: Correcting these problem/s could involve modifying or repostioning any or all of the following components: receiver, carrier, action bars, ejector shoulder, carrier shoulder.
RECOMMENDATION: The easiest way to fix this would be to buy a 3 inch grizzly. The gunsmithing fees associated with troubleshooting and modifying your shotgun could end up costing several times more than your griz is worth, and would give it a resale value of $0.00. If it was designed to work reliably with 2-3/4 inch shells, don't mess it up.