That is incorrect. When you add weight to the bottom of the racquet, you are reducing the "hitting weight" of the racquet, which is basically the effective dynamic mass of the racquet involved in the impact of the ball. This is because the racquet becomes more headlight, and so the balance point is moved towards the handle and further away from the contact point.
I found it. See here under "Key Points":
- Hittingweight is the effective mass (in grams) colliding with the ball.
- Hittingweight is greatest at the balance point where the effective weight equals the total weight of the racquet.
- Hittingweight decreases as you move away from the balance point in any direction.
- Hittingweight is lowest at the widest points on the racquet and near the tip.
- Hittingweight is the single most important contributor to the inherent power of the racquet.
If anything, racquet head speed increases until the swingweight becomes so significant that I can't swing it any faster, because in most any swing, the racquet will tend to rotate around the balance point. My racquets have not reached that point. Handle weighting moves the balance point away from the hoop so not only is there less racquet power, there is also slightly higher racquet head speed, which with the proper swingpath trajectory and mechanics can help to increase spin generation. This was also my goal in making this modification to my racquets.
Swingweight is important, but it is not everything in determining the inherent power of a racquet. Swingweight in combination with balance point determines hitting weight.