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I'd rather have less drag than more horsepower,
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As a pilot, slick aircraft are problematic when it comes to maneuvering. They are good for cross country performance but poor in maneuverability. That is why you don't see many slick aerobatic platforms.
Drag with appropriate power gives a pilot precise speed control allowing him to reach and maintain his aircraft's design performance speeds quickly.
As a pilot, there is nothing worse than having too much speed and not being able to get rid of it when you need the airplane to maneuver or require maximum performance from it.