Great topic guys.
Here is the real skinny on the subject. While anything you do to streamline your hull and appendages will lead to less drag on the boat, the Reynolds numbers on a airfoil around a 1/2" tube are so small, that calculating them to less than 2 decimal places is almost impossible with any equipment available to the average modeler.
Point is that the lift or negative lift (downforce) they create is miniscule.
Form drag on the other hand is certainly reduced. Again though, this number is so small due to the close proximity of the foil to the surface of the water, and the effect the uneven surface has on the foil.
A tube with a cross section profile of 1/2" is only slightly more aerodynamic than a square bar. The laminar flow on a tube is horrible. This is the whole point of streamlining a tube on an aircraft. The drag created around the tube can lead to significant gains in airspeed. You have to remember that we are also talking about tubes that are several inches in diameter, and in airflow that is generally well over a 100-MPH.
On my full sized aircraft, adding wheel pants over the wheels give a 3-5MPH gain over having them hang out in mid air. The plane cruises at 130 MPH and the tires have several square feet of surface area.
As you can see, the numbers are not huge even in this scale.
Long and the short of it is that one small change in prop dynamics will lead to a huge increase or decrease in speed. Making a foil or filet around your sponson booms will only change the speed by a few hundredths of a mile per hour.
Look way bigger. Change the tub and sponson shape and now you will be playing with numbers that are visible.
Peter R.
www.climatemodels.com