No, it will have minimal effect on the adjacent tooth. There is never a need to make an implant prosthesis to go so far back as to occlude with your lower wisdom tooth (tooth 38). The longer you leave your redundant 38 in situ, the greater the risk you will develop decay in it (esp since it is over-erupted), or worse still cause decay in the adjacent tooth.
It is very rare to find people with all their 8s in a good position, functioning well, and well-maintained. The opposing upper 8 (tooth 28) was extracted years ago, so what is the 38 doing except posing a risk?