If shooting 10gpp at the same draw weight and draw length, best designed short bows won't shoot as fast as well designed longbows simply because they can't store as much energy. I think what happens is that, if you were able to get a short bow to store as much energy as its longer counterpart, the attributes which give that short bow more stored energy would also hinder its speed, most likely due to excess limb mass. I had a discussion on PP a while ago about bow mechanics and it seems that bow length is proportional to a certain arrow mass where if a longbow shoots a 10gpp arrow with a certain efficiency a shorter bow will shoot the 10gpp arrow with greater efficiency but less speed. Shooting the shorter bow with an arrow which brings down efficiency to the same as the longbow with 10gpp would raise speed to the same as the longbow with its arrow. Sorry if this explanation is confusing.
Bucksbouy, what you're saying about wood and speed is just wrong. This may be true if each wood is compared in one exact design but if each bow is designed to match the wood, all woods shoot equally well. Design is everything.