The analysis of mast drag as a percentage of the complete foil was done by Cody with Inde Foil but the site is down. He showed that reducing mast thickness from 19 to 12mm (about 20% mast drag reduction) lowered overall drag of the foil system by about 3%. This is because the vast majority of the foil drag comes from the foil wings, which have far more wetted area than the submerged portion of the mast, and lift-induced drag. It's also in-line with my experiences selling Project Cedrus: Most people did not notice additional drag. Partly because it's about average in terms of drag, but they also gained confidence at speed due to more control. It really depended on what the rider was coming from. There was also definitely a placebo affect. I've learned some people just believe what they want to believe, and they read or heard that it was slower so that's what they felt.
This all being said, the #1 request from my Evolution Cedrus survey was to improve high speed performance. This is somewhat related to the #2 requested area of improvement which was ventilation resistance. I 100% agree with
@alysum that ventilation should be higher priority for designers. However, as you mention it's a really complex phenomenon (
projectcedrus.com/cedrus-development/notes-on-ventilation/) that few designers truly know how to tackle. I've also found that it's extremely rider/conditions dependent. I do get emails from people asking me to print fences for their OEM masts too. I definitely address ventilation resistance with Evolution Cedrus, and am confident that it will be one of if not the most ventilation resistant masts on the market.
In the same survey I asked riders what they would give up, and those answers were weight and $$. So, the new mast will be heavier and more expensive than the Classic... but that's what you wanted:)