It won't. As a matter of fact it will make it worse. Here's what happens when you shoot and arrow. All the force from the bow's cams or pulleys is exerted on the string which is then exerted onto the arrow. The initial reaction is for the arrow to flex the full length of the shaft. Once the arrow has left the bow it will flex back and forth through the flight until it stabilizes and begins to fly true. If your arrow is too long, the initial flexing will have some effect on the contact between your rest and the arrow itself. Even an extra inch will have some negative effect at this moment because the flex points have changed. This is known as the Archer's Paradox, the saying "straight as an arrow" isn't really true as an arrow in flight isn't really straight. In reality, what you want is for the tip of your arrow to be as close to the rest as possible, generally an inch or less. This is why the drop away rests perform so well, because the rest is completely clear of the rest whne the arrow initially begins flexing. Check out a video
here. It's really well done and you can see what happens to an arrow during the shot. I know this guy is shooting a recurve but the same principals apply to all bows.
Keep the tradition alive, teach a kid how to hunt.