The idea behind the vertical sides was stolen from other designs I saw and looking at the bennet sport tabs. They claim to achieve +30% lift with vertical fins on their design.
And the theory seems sound, water is held in under somewhat higher pressure thus generating more lift. I also think that the denser water would help the top blade a bit!
But it is definitely a subject I would love to hear and discuss more about, because my 2mm stainless steel plate arrived today. I'm about to make the tabs and was planning on doing something similar to the tabs.
I have about 8 inches of available space on either side of the transom, and the plate I bought just happens to make it possible to make two tabs 8" x 10" (with vertical sides
I just ordered one of those square Chinese tach's on ebay, I have to know where I am RPM wise, otherwise I can't play with the prop later, although their hard to find these days.