[psyduck]

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Well it's quite obvious really, even though we don't play much in the first few levels we still accumulate chips there overall (which is obvious really), by outplaying people post flop and generally picking up pots. In a speed tournament your chances for doing this will be lessened because you'll see less hands in the first few levels, therefore these chips won't be as easily accessible, and therefore you'll be going into the pushbot mode with overall fewer chips than the normal SNGs. This of course will add to variance and lower ROI by design.

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But won't we more than make up for this by picking up chips 4 and 5 handed by pushing as dictated by ICM? In other words, we accumulate MORE chips than our non-push-happy opponents, and since we get to the bubble/ 5-handed play quicker (which lasts longer), we have even more time to make correct pushes and get lots of chips.

Where's the hole in my logic (because there has to be one...)