Kenneth,
Several have mentioned that NORVEL engines (bith BigMig and AME) need to run at high RPM but perhaps it would help to know why. BTW, since the AP Wasp is mostly a knock-off of the NORVEL engines, this should also apply to it also.
Fuel draw is a function of the venturi's ability to create a vacuum. By using a maximum venturi as NORVEL engines do, fuel draw suffers. Since the vacuum increases with flow, RPM must be kept up, unless some type of pressure is used to compensate, such as muffler pressure or a bladder.
Additionally, the torque curve due to timing is maximized at high RPM. To achieve this RPM, a smaller prop must be used. That explains why the 5.5x2 works well.
George