Slower twist rates result in higher velocities, all else being equal.
How much that matters, is debatable, however. The much-maligned and contrastingly beloved .444 Marlin, for example, is typically found with a 1:38" twist rate for pre-1998 Marlin and Winchester rifles and a 1:20" twist rate for post-1997 Marlin rifles (and H&R and Remlin/Marlington rifles). But the difference between twist rates, for a given barrel length, is typically less than 20 fps -- far less than one would expect.
How, exactly, you can calculate the difference between twist rates for a given cartridge, I have no idea. I never finished my engineering courses.
I can tell you from various experiences that too fast of a twist rate is just as bad as (if not worse than) too slow of a twist rate.
Yet again with the .444 Marlin example: If you launch a 400+ gr bullet into a 1:20" twist 444 barrel, it will 'skid' across the rifling for a couple inches, before 'biting' and rotating with the rifling as designed (proven across multiple bore and groove diameters with bullets up to 0.004" over groove diameter).
And, of course, I always like falling back to .220 Swift. Push bullets too fast (too much rotational velocity from the combination of velocity and twist rate), and you get bullets that self-destruct mid-air.
Shooting a max-velocity 40 gr HP out of .220 Swift in -15 F weather can result in a bullet that never makes it to the target. ... And that's in a 'standard' twist rate for the cartridge!