Logical question, but as you know, Hunter cautions against operating the boat with an empty tank. I wonder what your insurance company would think if you had an "unplanned event" ? Think of your boat as a plastic bathtub without the ballast - how stable is it really? Encounter a few waves and a couple of people on the rail and you'll probably take a bath.
Beyond the safety issues, I also see some practical problems. How long will it take to pump the tank dry and is your electrical system up to the task? Assuming you only have one battery, you may have to hand crank your motor to get home. Then you also have the problem of makiing sure your valve is water tight (which is doubtful). :cry:
This and other water ballast questions are answered at
http://h260.com.
With a power boat, the bigger engine the faster you can go; this is not true with displacement hulls. Sailboat speed under power is limited by hull design. You can calculate your approximate hull speed by going to this link
http://www.sailingusa.info/cal__hull_speed.htm. Make sure you use the waterline length, not the overall length of the boat. I'd guess a little over 6.0 kts.