F4UDOA,
Dean stated that the stall tripper wedge that was installed on the right wing to even out the stall speed of the Corsair's wings was responsible for changing the lift coefficient. Thus, while the Corsair's wing-loading was not particularly high, the turning circle was negatively effected. He also states that there was a NACA test that indicated that this was indeed the case.
The main advantage of the Corsair's flaps was the speed with which they could be deployed. The maneuvering setting for the flaps was 20 degrees. Deploying flaps fully down was seldom used in combat because it was a desperation setting, and drastically reduced the aircraft's speed, which could quickly get a pilot killed in the wrong situation.
Capt. Eric Brown flew both the Hellcat and Corsair extensively during WW II, and was impressed by both fighters, but when it came time to mix it up with enemy aircraft, preferred the Hellcat. Perhaps no pilot in the history of aviation has the extensive experience that Brown has in flying a wide variety of aircraft, both Allied and Axis. Being British, I don't believe he can be faulted for having any bias, and his analysis of each aircraft's capabilities was purely objective.
The Corsair's faults were not completely addressed until the advent of the F4U-4 came into service, which arrived so late that it saw little combat. Carrier compatability shortcomings caused the Corsair to be pulled from fleet service three times during the war. Evidently the Navy was unwilling to accept the losses associated with the Corsair's slow-speed stall characteristics until the arrival of the -1D Corsair. In any event, the Corsair was not cleared for carrier duty until December of 1944.