Eric and Bill are right: loops are not going to be round if your initial pull is less than 3.5 G and I like 4 to 4.5.
There is no reason to pull power on the back side of the loop as Eric has pointed out. Properly flown you will come out of the loop at the entry altitude with slightly less airspeed while maintaining full power.
I maintain firewall power throughout the entire Sportsman routine except when slowing for the spin entry. A loss of energy (kinetic + potential) in one maneuver means there is less energy to start the next one. This results in a routine that loses altitude. I doubt that any RV has the power to gain altitude during a typical aerobatic routine so pulling power at any point is just adding to the problem. I typically start my routines at 2500 feet and end up about 800 feet lower after 10 or 12 maneuvers. I am working on a 6-figure Sportsman free sequence. Each figure is more complex than those in the known sequence so they eat up more altitude. The end result is still about a 800 foot loss of altitude.
Thanks to Eric Sandifer for helping me develop this sequence. (Eric, I ditched the 4-point on the rev half Cuban exit in favor of a 1 1/2 roll with an inverted sequence finish. Figured if I'm going against the tide with a downwind entry I may as well finish unconventionally as well.) I don't expect to win with this sequence. I want to show what the RV is really capable of doing. Kinda like Bill's inverted spin.