Steve(Sixby),
Yes, I totally see and agree with what you're saying. Especially with a short bow where the bow begins to stack at the longer draw which will decrease performance.
But, generally speaking, the farther you draw the bow the more energy you store in it(up to a certain point), thus increasing arrow speed. I know that this is a blanket statement, but remember I'm talking about in general. This is why a lot of people with long draw lengths have more trouble finding wood arrows that are stiff enough for their setups when using the higher poundage bows as opposed to those with shorter draw lengths using the same draw weight.