No, that is not what "wash out" means! Wash-out means that the wings are twisted so that the tips are pointed slightly downward compared to the roots. It's done one aircraft that need to perform much better flying upright than upside down, and it is either done to avoid tip stalls, or to make a "hershey bar" wing oh so slightly more efficient.
Wash-out is undesirable on a stunt plane.
Tip shape doesn't have a huge impact on flight performance. There's some subtleties with how tip shape makes the plane handle in the wind which, frankly, I can't keep track of. Look at the shapes of tips on airplanes flown in the top 20 at the Nats, pick one you like, and run with it.