Hello chas805,
no, you don´t need to be worry about loosing data. All the data will be there even with the new template.
But you have to consider that you can´t submit an already filled form if you have to make changes of the data in the 'old' forms because every time if you want to submit a form where the appropriate field has more than 255 characters you will get a validation error and you can´t submit the form.
Regards,