I have had my 1970 M20E for three years now, and it fits my mission profile perfectly; I never fly with more that one adult, so I don't need a medium body. The avionics are pretty much where I want them to be. Only thing bugging me is the speed (or lack thereof). A lot of testing leads me to conclude that the currently configured airplane gets about 143 kts cruise LOP (9.3 gph) and around 148 kts if I push it ROP (10.5-11 gph). These are the best speeds I could get out of her at altitudes of around 7500-9500, 2500 rpm.
I would like to hear the forum's opinion on how I could get her to be faster if I were to throw some money at the problem, maybe $15k tops. More specifically, my question is what would be the best bang for the buck to get more speed.
First question: is this a fool's errand? My plane, as it is, is worth about $80k. Would I be better off just biting the bullet -- selling it and spending another $40-50k to enter J territory?
Here are things I considered that could potentially gain me more speed.
a) Switch to a Hartzell scimitar 2-blade prop from the current 3-blade McCauley. This is expensive -- probably around $10k, and I would only do it if I were sure to see a significant improvement in speed.
b) Install some STC-ed speed mods, like maybe the sloped windshield or one of the J-like cowls. Are any of these still sold? How much do they cost, and how much labor is involved in installing them? How much speed is gained?
c) Any other low hanging fruit? My mechanic used the travel boards and checked the rigging at the last annual; I had the plane washed and waxed recently; I tried flying with weight in the back. None of these made much difference as far as I can tell.
Thanks in advance!