Just out of curiosity, how valid is it to talk about GPS speeds (in knots) with a precision of 3 (or possibly even 2) decimal places in time intervals of 2 seconds

After all, 0.001 knots is 0.00185 km/h… Or, sweet FA, as I see it… Using the top speeds under examination as an example:
Knots......km/h......m/s.........m/2s
41.302....76.409....21.225....42.449
41.154....76.135....21.149....42.297
41.747....77.232....21.453....42.907
41.721....77.184....21.440....42.880
I am not that flash at maths, but I make that a relative difference of 0.152 m or 0.027 m (That’s a MASSIVE 3 mm!!!)… And a GPS is how accurate

Surely you need to be covering at least 1000 m in 2 seconds or recording over a larger time interval for the second or third decimal place to be significant

particularly when you consider the accuracy of the ruler (gps)!