I was warned by Bram about certain pads absorbing power. I am using a ventist pad on the Thor seat right now and I had not thought of it, but that coincides with an 8-10 watt drop in my FTP. It just didn't make sense to buy a pad to fit it as I await the railgun seat. The new Railgun GT is a lot faster than the one you have (per Kent's measurements).
Yesterday I took the M5 out to the West Orange trail and I did notice that when hard on the gas, my upper body moves up and down the seat a bit with every pedal stroke, so I'm definitely losing some efficiency there. I got a response from Don Smith, saying he's no longer making custom seat pads because he can't justify the cost of having to make the wood templates for them. I may just try making my own, providing I can get the proper cutting tools.
Overall though, my power numbers look better than expected. Comparing my recent performance to two PR's from a couple of years ago, I see that my average wattage has increased by about 22 watts. What's interesting about this is that when I make it a goal to get a KOM, I'll save my energy until I get to the segment in question. This time I didn't do that. I rode pretty hard the whole way, and despite that still managed higher power numbers on both segments. Comparing those results to my best performance on the same segments when riding my V20, I see that the Vendetta still has an advantage in terms of power output, but it's not as great as I thought (10-20 watts), and the V20 was still slower by about 2 mph on average.
Someone on another forum claimed that swapping my relatively un-aerodynamic aluminum front wheel on the M5 for a carbon three spoke wheel would increase my top speed by about 1 mph. Does that sound reasonable to you? It sounds a bit optimistic to me.