Hi Matt, nice rover with last attempts. Probably with some tweaks could be faster than mine!
Actually i'm experimenting with a barebone rover (0.7t), but as you said the Kerbal drag is really huge on the straights.
The wings on my ultimate rover work just like that, in case you didn't notice already:
action group on the B key to deploy spoilers @ 50 degrees when braking --> very effective at the entry in turn 1 and turn 8
Edit:
OK now I have a rover able to do less than 2:40 if well driven (i spun out in practice), if you want I can share the .craft file.
http://imgur.com/a/jGeZI
The wheels friction, springs and dampers need some fine tuning, and maybe you guys could help
Aerodynamics definitely work, I ran through turn 9 at 40m/s! (with FAR installed)