Chad the NSW formula guys have been doing this for years. You could just click on a site and watch the replay of a race on gpsar. PM one of them , maybe Sam could tell you who organised it.. or just go to Yann's gpsar site , I'm sure somewhere in there he'll explain how to it.
Another option is to put a marker bouy on the beach at Ledge, and another one on the beach at Lancelin, take the waypoints of these spots and enter them into a new Lap-Racing division in RealSpeed.
Then you can race any time during the day to achieve a result. The software will provide all the data including average speed, min/max speed etc. Perhaps set up an ongoing Ledge-to-Lancelin division on the Challenge site?