If your goal is 200 knots, build a Long EZ with fixed gear and a strong 180 hp engine. Use a good, clean cowl, a long nose, Klaus wheel pants and landing gear fairings. It will do 200 knots.
There's a guy out there that claims bigger engines make canards go slower. He's wrong.
VG's might help some on the bottom end, they certainly won't help on the top.
You can do retracts, but count on an extra $10k at least, another 500 hours building, 3-5 knots on the top end, and at least one gear up landing.