Some of the problems I have seen when you let water build up in the tub when you are running are: The water reaches a level in the engine room where it will hit the flywheel. This causes a spray that may get sucked into the carb.
Another is: When you flip and come out of it still running, It takes forever and a day to get up on a plane with all that extra weight. If you could expell the water quicker, you could get back into the race a lot easier.
Hammer