For aircraft, parasitic drag is the MAJOR factor for top speed. If you take two identical P-51s except one has its surfaces polished and filled while the other has a shoddy paintjob. Add 2000 lbs of led weight to the polished one (internally), odds are that it will still be faster than the other lighter P-51. Its climb rate and acceleration would be worse of course.
It's almost a classic P-51D vs. 109G-10 match up. Pony is heavier and has better aerodynamics, but less power. 109 is lighter and has more power, but also more drag. Both are almost equal in speed, but the 109 climbs better and accelerate better.