For some kinds of novel, I find that there's no real need to mentally masticate over the subtleties of character development and plot, and the faster I can dump the story into my head the better. And that's what it really boils down to with that kind of book, for me at least: reading faster = getting more story = more enjoyment.
I do read faster than most people do, although not at "speed reading" speeds. For this kind of content, I've never worried about retention either. I mean, who cares? As long as I can remember the content long enough to get to the end of the book without getting confused, that's all the retention I need.
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