A few weeks ago, I tried to see what kind of speed guys were getting on Slingshot foils, so I searched the GPS Team Challenge and ka72.com. I found several tracks where one guy had done 25 knots repeatedly, according to ka72.
Closer analysis of the downloaded tracks showed that all high speeds were artifacts; the actual top speeds seemed to be around 20 knots. Here is one example:

This artifact is from a crash (as were the others). The positional speed was briefly over 80 knots, the "speed" reported by the Suuonto watch was ~ 25 knots. The interesting thing is that the watch reported an average speed of 21 knots for a rather long time, 16 seconds. This indicates that the "speed" reported from the watch at least partly relies on filtered (smoothed) positional speeds. With crashes, swimming, and waterstarts, the GPS often looses reception and then regains it with just a few satellites, which leads to large positional and speed errors.
About every third or fourth session that I looked at had similar artifact. Typically, the 2-second top speed was overstated by 2-5 knots on ka72.com.
Note that spikes can also occur with the GW-60 and the Motion GPS. When crashing a lot while learning to foil, I had some spikes in almost every foil session. However, the GW-60 and the Motion record additional data that make identification of spikes possible, in particular the number of satellites and accuracy data. Furthermore, the higher recording rates on the "approved" units, and different data processing, means that it is quite rare to see spikes that extend long enough to affect 2 second results. Not impossible, but rare; I did not see any in more than 10 of my foil sessions that had plenty of spikes.
Bottom line is that you'll have to take the numbers the Suuonto watch gives you with a grain of salt. More often than not, they will be quite accurate. But if you see speeds that are higher than usual, look at them closely with software. They are often quite easy to spot by looking at the various graphs, but even "strict" software like GPSResults cannot automatically identify the artifacts because the watch does not supply the necessary extra data.