Yes, a static leak will cause the airspeed to read high, especially if it is in the aft fuselage where you mentioned it. Most of our cabins are at a lower pressure than the outside air due to the airflow. You can see this effect by opening your alternate static vent while in flight---both the altimeter and the airspeed will increase.
Yes, the 300 FPM leak that you have is not in spec for an IFR cert.
Vic
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 Vic Syracuse
Built RV-4, RV-6, 2-RV-10's, RV-7A, RV-8, Prescott Pusher, Kitfox Model II, Kitfox Speedster, Kitfox 7 Super Sport, Just Superstol, DAR, A&P/IA, EAA Tech Counselor/Flight Advisor, CFII-ASMEL/ASES
Kitplanes "Unairworthy" monthly feature
EAA Sport Aviation "Checkpoints" column
EAA Homebuilt Council Chair/member EAA BOD
Author "Pre-Buy Guide for Amateur-Built Aircraft"
www.Baselegaviation.com
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