This ain't no speed mod for an RV, since RV's have next to zippo induced drag at max speed. If it were a problem, they wouldn't have been given such stubby wings.
That's true at lower altitudes, but as you get above 7-8k, those stubby wings start really getting with the induced drag. For x-country at 14k'-15k' dalt, you'll find that you will have to fly at a much higher nose-up attitude. Here's some formulae to calculate your induced drag area, Ai, in sq.ft.
Q=(IAS, mph X 22 /15) X rho / 2
Ai=W^2 / (Q^2 X S^2 X pi X e)
where rho=.00237689; W=weight, lb; S=span, ft.; e, Oswald efficiency,=0.81 for typical RV wingtips.
Note that neither wing area nor aspect ratio are in the formula. I first became aware of the higher RV induced drag when I had Jim Smith do tests with the Elippse prop that I loaned him. I saw that his speed dropped off much faster with altitude than does my own plane. With his it was about 1.1%/1000', whereas on my plane it runs about 0.6%/1000'; that's quite a difference, 83% greater! I was curious why this was taking place and as soon as I did the math the induced drag reared its ugly head. That is why I recommended to Jim that he make the triangular tips to use whenever he went on a long x-country at high dalt and weight. I also told him that if he was to compete in the SARL races at low altitude to minimize wing area by using very short tips, such as has been tested by Bob Axsom. As you point out, at low altitude induced drag is minimal when running full out. However, it does show up again in slow flight or takeoff and landing.
And sorry, Bob, I don't have those numbers as Jim, because of rainy weather soaking his field, hasn't been able to do a full series of TAS vs dalt. As far as takeoff and landing speed, Jim noted that he got back the shorter take-off run on his grass field that he lost due to his three-blade Elippse prop that has lower static and low-speed thrust during the initial part of the take-off run. So that part of it is purely subjective.