I understand that Klaus Savier, with his little O-200-powered VariEZ with dual LightSpeed ignitions and a LightSpeed electronic fuel injection did 241mph in the race, and topped all the Lancair 320s and 360s, and Bruce Hammer! He was bested by Steve Hammer and Dave Anders.  

Yes, you are right.  Of course, those individuals have made significant modifications to engines and airframes.  Some of us believe that the utility craft we fly (Lancair) races just fine with cheap (i.e. gap seals) or free mods (i.e. ram air) without going nuts. 

 

Where were you for the cup race again?

 

Thinks of this - there were some  540, 550 and turbo-charged aircraft that couldn't make the grade either.