Hopefully this won't turn into a Bernoulli etc. pissing match, but a wing generates lift by imparting downward momentum (mass x velocity) to the air.
For a given lift force, a long span accelerates a large mass to a modest velocity, and a short span accelerates a modest mass to a proportionally higher velocity, so mass (per time) x velocity is the same.
The power required is not M x V, but M x V _squared_, though, so long span needs less power, or you can go faster on the available power.
But at high speeds, there is less advantage to the long span, because the speed gives a shorter span a higher mass flow to act upon. Also, if the rules require a minimum thickness, then a short chord makes for a fatter wing, percentage wise, which is not great for speed.
There is also a weight penalty for longer spans that will survive at high speeds, and that weight has to be supported with drag inducing lift.
Finally, at model speeds and scale, a wider chord can yield a more favorable Reynolds number, so a model wants lower AR wings than full scale aircraft.
So there are trade offs, and these change with speed, and speed changes depending on how you make the trade offs.
So it is not easy to determine the optimum, but it is not super high or super low AR. Look at the fast designs to get an idea what works well.
I agree that a fully symmetric airfoil seems silly on a racer, especially if there is a minimum thickness requirement. I have no idea what the optimal airfoil looks like except that it will make a gentle transition to a 10 degree (+/-) trailing edge. This is near optimal for pressure recovery.