question on different powders and affect on trajectory

ckc123

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north of the gta
So here is the situation..

I have 2 loads for the same gun (150 grain reduced load and 200 grain full load. they are both trajectory and within 1.5 inches at 400 yards ) , that I can get from the manufacturer.. I can get pretty much all the same components but the power..

Assuming I can get the same muzzle FPS as the manufacturer (and same bullets and weights), would the trajectories ( drop at 300 yards) be the same?

does different powder that gives the same FPS at the barrel (same bullet) give different trajectories?
 
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