The best I can do square reaching is around 32-34 knots in quite windy conditions. At this speed on flat water of have reached a point where it is quite difficult to turn in my iSonic 87. The rail does not want to sink!
I tried a Carbon Art CA50 and it turned in easily at 32-33 knots but lost speed too fast in the gybe and was slower to accelerate.
At Lake George, during my best 1 hour, I was able to consistently pull 30-31 knots square across the wind in 30 knots with a 5m sail on the IS50 and Lessacher 22cm speed rake 30. Nice flat water though....

The gybes were quite fast but when I looked at the tracks, most were a bit too wide to hit the proximity circle because I was not really trying to do that. I was rigged for low drag and speed square and had a smallish fin so accelleration out of the Gybes was also not as good as if I was rigged larger or fuller.
The best Alphas I have done were 30-32 knots on the in run, a nice fully powered gybe and as I came out I got a really good gust to shoot me back to 28-29 knots as fast as possible. If you are lucky enough to get a slight wind shift as you turn so the out run is slightly broader, so much the better.