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No. I’ve done it. My new place is very flat and roles are generally deflated as such. Matters more about responsibility and growth opps
Definitely doesn’t matter, but assuming you get an offer, is it out of the question to negotiate the title?
Likely not but I'd ask the new place about adding Sr to your title without asking for any more money or other things attached to it and see if they agree. You have nothing to lose by asking and saying you've already gotten the experience that warrants it and Sr reflects that better for your growth. I'd do that when you're at the offer stage. Not while you're still interviewing. No matter how well interviewing is going you don't have a job until you have an offer in writing and you should always assumeyou're competing with 1-2 other candidates till the end.
Will it reflect negatively seeing I’ve held a senior role prior to my new job and no longer hold that title?
no. happens all the time. titles are mostly fluff from jr to sr.