As long as the roots didnt make a Lasso around the tree..
... Which generally won't be apparent for several years or even decades, but then the tree will just die.
I agree that root-bound plants planted in the ground generally take off and grow fine and look like they are doing OK, but once the roots grow thick enough to start strangling each other, the plant will go into a rapid decline and there will be nothing you can do to save the plant.
I have a 32-year-old grapefruit tree which I started from a seed that illustrates this very well; I didn't root-prune as I should have when it was young, and it grew just fine despite that, until it turned 28. It stopped growing new leaves. Then all the branches died. I pugged the plant at 5' high and went to repot it when I noticed the fatal flaw- one large root in a 6" circle strangling itself and all the other roots from the base of the trunk.
Had I root-pruned 26 years earlier when it was in a 6" pot, my tree would still be alive and happy today. (It is still alive, but far from happy.)
So, I would highly suggest pruning those circling roots while you have a chance. They may or may not cause problems in the future, but by the time you find out it will be too late to do anything about it.
Kevin