HWD,
What I am trying to say is that each aircraft has a "minimum speed at a given power setting". Take the rallye aircraft again, it will fly at full power in level flight at 110 mph, but it will also fly at 50 mph using full power in level flight.
I don't want to get into the whole "drag curve" bit as all I am seeking to do is encourage pilots to fly better and get more satisfaction from doing it properly. Somewhere at less than full power a "safe" minimum speed can be found, this may be used as a FINAL approach speed and will avoid the unnecessary floating along the runway and may open up a lot of "new" shorter airfields to pilots (where most of the "nice" pilots live)
Regular and structured slow flying practice will enhance your skills as a pilot and increase your safety during take-offs and landings, particularly from short strips. Just a few minutes at a safe altitude spent brushing up on your slow speed flying skills is better use of your flying time than bumbling around looking at the scenery.
This will teach you to avoid the traps waiting during a go-around from a botched landing attempt. You will learn to safely control the aircraft close to the stall and to recognise the early symptoms. You will learn to avoid an unplanned spin due to lack of appreciation of what the aircraft is trying to tell you during a low speed manoeuvre.
Your actual flight profile for practicing slow flying should be provided by your qualified flying instructor and should certainly begin with a HASELL check, every time.
Stay safe
Tony