I ran a number of tests on external loads and drag is there for sure. For example:
Typhoon 355mph @ sea-level with no WEP
Each 1K bomb cost 8mph
Each drop tank cost 8mph
each rocket cost 2mph
each 500lb bomb cost 5mph
Internal ordinance didn't seem to really cause much/any drag, a maximum of 1mph (lift induced drag most likely). Internal fuel loadouts also only affected top speed by about 1mph/25% internal. Once external stores were released, the plane reached top speed again (meaning that shackles/rails/mounting points) added no drag once the weapon was released.
I know I measured the Typhoon, P47, Mossie, Bf110, and some others, and it was very consistent.
-Soda
The Assassins.