If the FM2 is stripped of its WEP, then you have basically hobbled a very FUN fighter. I believe that you will see its use drop considerably (along the lines of the F4F - which is close to nil).
Level speed is not what the FM2 needs WEP for. As you can see from the list, the list is rather short of what it is faster than.
Because the FM2 is not a speed demon, you won't find it extending too much. Once in the fight, its there until the end. Because the FM2 bleeds E so quickly, when dogfighting, it needs that extra boost from WEP to keep it competative.
Also, it is the only U.S. plane that can really dance with the Spit and Zeke. If hobbled, then all you will see launching off the CVs are Spits and Zekes.
I understand your reasons for the change Pyro, but for the most part, I don't think that anyone has ever complained that the current rendition of the FM2 is over-modeled and runs amok in the MA/CT.
Pyro, how about you put it back in, for fun's sake, and then make the appropriate adjustments when you get more info on the WEP output and fuel tank size.
You don't really want to see Sax beg ... its a sad sight to behold.