Yes. As you know, horsepower gets used up as altitude increases so there is a little residual with 260 when the 235 poops out, but the wing and prop has a lot to do with the final performance. At sea level, same gross weight, same prop, same tyres (drag and angle of incidence to ground), you can hardly measure a takeoff roll difference.
Not much difference at 2500ft, but as the takeoff altitude gets higher, say 3500ft msl, you can see the difference. Best cruise on the 235 is 7500ft whereas it seems best at 8500 on the 260.
The 260 is about 12lbs heavier and if you use the same % of total hp then the 260 will use more fuel and because it can go a tad faster it produces more drag so fuel consumption is up and range is down.
These engines could all do better if Maule did not neck down the exhaust flow at cylinder outlet.