Of course, the manuscript writers needed to draw the letters in a calligraphic style, which necessitated precise wrist motions. So a writing method designed for brisk mark making wouldn't have helped them.
EDIT: I'm not saying that I support forcing left-handed people to write with their right hands. It may be true that the Palmer method (or any right-hand only method) has a history of teachers using corporal punishment to punish mistakes, but corporal punishment is of course not necessary to become proficient.
Eksith, you're right that "drawing" the letters doesn't have anything to do with the speed at which letters are made. The "drawing" comment was made about why many people's cursive handwriting is so poor. When students learn cursive now, too often they are simply copying letters from a book or blackboard ("drawing the letters"), instead of practicing the physical motion. So when students need to write cursive script quickly, they don't have enough time to render each letter correctly and consequently they develop their own methods muscle movements, which usually leads to sloppy handwriting. The same kind of thing can happen when you are taught to type. Correct touch typing teaches you to let your finger return to the home row after pressing a key before you reach for another key. If you aren't taught to do this, you will develop your own muscle movements that are suitable for typing some words, but lead to mistakes in others.
A common error is letting your finger hover near the letter you typed when the same letter is repeated in the word that you are typing. This seems like an "optimization", but it isn't, and causes lots of spelling errors because it can easily mess up your key press timing. Using your own "optimizations" might be able to type as quickly as a touch typist in short stretches, but it is far more likely that you will make more errors.