This is a tough essay question. All things engine related can be tested on the dyno. All things aero related can be tested in the wind tunnel. Except underbody aerodynamics. In the wind tunnel you sit on a non-moving plate, nothing like the ground whistling under you at 200 mph.
The flat bottom concept also lends itself to the possiblity of ground effects down force.
Because we always see the static car sitting in the wind tunnel with the smoke streaming over it, we always seem to think of the air moving over the car, instead of the real world where the air is static and the vehicle punches through it. It is easier sometimes to picture the world filled with water so that you can think of the flow over things. Much easier to visualize.
So the answer is all about drag and how to reduce it. We can all picture the super slick shape of the streamliner and picture the smooooooth air flow. When it comes to the underside, it's anything but smooth.
The flat bottom concept leans toward keeping the air out from underneath, but there is still air under there, and it's subject to a shear layer between the stationary ground and the moving vehicle. You still have a 200 mph difference in speeds. Picture what a small pebble would do. Picture it bouncing between the ground and the underside, and then picture the air doing the same thing.
The round bottom concept treats the underside the same as the top side. Pick the bottom up out of the ground effects, let the air bleed out.
The Blue Flame is the ultimate in round bottom, least possible ground effects design. JCB and Goldenrod are not even close.
Ecofire
Which one is better? Have you looked at the speeds these guys are going?
Whichever one you think is better, look at the speed the other design is going.