John, you're math shows perfectly why, it may be a good thing to fair the post in. His goal is a 6% improvement in speed. Vibration, even at modest speeds can be felt, but more importantly will tear stuff up pretty quickly, so yeah, you'd want to make the changes necessary to smooth out the flow. Is this always done, absolutely not and many work boats and some yachts have blunt stern posts, but in all instances you can get some gains, with a good fairing job and given the performance targets, certainly an achievable goal.