So... What's it gonna be

If you are lined up for the start based on your last elapsed time finish... then that's what is being measured!
One design standings, Portsmouth standings, Texel standings, or ISAF standings are all secondary results.

So, my point is IF you have a faster boat in the race and the boat finishes first... by default the driving team will be declared the de facto winner and start at the pole position, day after day and they will give the majority of interviews at the finish line.

His sponsor will be thrilled. BUT is this sporting?

How about this debate:
The I20 with a 25 sq meter chute is almost the same as a 6.0 with a 28 sq meter chute..... BUT... what if the 6.0's could use unlimited chutes??? Would that be a fair race on elapsed time?

The devil is in the details and it depends on what you think is sporting.

Under the current rules, the following production 20's are not allowed.

Eagle 20, Vector?? Marine 20, Marstrom 20, Supercat 20, and Tornado's.
These boats are wider or lighter then the current boats. They would likely beat the current I20 or 6.0 config on elapsed.
Are they in or out of next years race?