I have measured relatively subtle differences in velocity (pressure) with seating depth. Someone with QuickLoad can probably give a more thorough answer.
As you seat longer, you lose velocity. PV=nRT. Since n, R, and T are mostly fixed for a given charge weight, then if V goes up (less bullet in the case), P (velocity) goes down.
That being said, once you start getting pretty close to the lands (0.02" off?), you are now entering the "jam" realm. Depending on how the pressure curve is building in the case, if the bullet is suddenly stopped, pressure can rise rapidly while the bullet overcomes this.
I personally would not seat a bullet longer if I was already near both the lands and my max pressure. Seating it a little deeper probably won't mean much difference. It will unquestionably raise the pressure, but in my experience with 300 WM and 270 Win, 0.05" shorter probably didn't even equal 0.1 gr more powder. For example, 0.1" seating depth in my 300 WM was 10-15 fps, and only obvious with lots of shots and long term averages.