Yes, definately worth playing with to see what happens.
Part of what I'm getting at is that the specific density of any given point on a negative, is irrelevant. Any point on the negative can be printed as any shade of gray on the paper.
Your extra exposure added a couple stops of extra shadow detail that you weren't planning on, the reduced development limited the density to what you used to get. The difference is that you've flattened the curve which makes room for the extra shadow detail to print along with all the rest of the detail you wanted. All the relative steps between tones got smaller, less contrasty.
Using a harder paper grade and extra print exposure (printing all the extra shadow detail clear to black) may get you back close to what you were planning on.