i think high speed with a bard has the benefit of higher initiative, meaning the bard's buffs get in earlier in the round during combat.
another benefit would be running up speed to match the other characters in the party (say you are running all monks, rogues, and ninjae) so that when you hit run your party can go further, faster.
of course, the bard's haste drum makes this somewhat unnecessary - but there are still strategic reasons to do it. and the beauty of wiz 8 is that the game's balanced enough to make it worth your while to do it either way - as long as you leverage a strategy to take advantage of the way you choose to go.
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