In the guns I own, I have an original Avenger with a shroud that is mostly for appearance, does very little for sound reduction, and several P35 variations that all come with a baffled shroud that is effective and may be enough. I use the Bullshark and P35X which have a different and to my ear more effective baffle system as is but I have printed moderators in my 3 P35s. Being able to put the printed moderator in the shroud protects it and makes me more comfortable with relatively easily damaged plastic. SPA guns are unique in my limited experience in allowing you to slide out the shroud to create more room for something like a printed moderator. But to do that they secure the rear of the shroud with a end cap that stays in position by grub screws. Only one in my P35s (until I added another) and two on the Bullshark and P35X. If the grub screws let the shroud slide the baffles can be damaged. So there are plusses and minuses.
I would always prefer a little bit longer shroud that actually does something for noise to one that barely projects past the end of the barrel and does nearly nothing for noise reduction.