And the answer is ...
I sent the following e-mail to Norm:
"Suppose, in an 8-deck game, that you had x-ray vision and could, every time, place the cut card in the exact location such that you would always cut away the worst two-deck slug. On average, what would be the RC of that slug?
"I imagine that this could be simulated. If you can do it, I'd like to take a guess before you furnish the answer; if you can't, I won't bother."
Norm replied: "Easy to sim. Depends on the minimum cards you can cut if you want to include the fact that the worst slug could be a combination of the top and bottom of the decks."
That prompted our exchange on this board, re cut-card position.
I replied: "The poster says to use a real-world cut, so I'd go with a half-deck minimum.
"I'm guessing that the average best two decks will have a Hi-Lo RC of about +15. Wanna take a guess?"
Then, Norm ran the sim and e-mailed me this:
Norm: "Good guess. Assuming a random shuffle, +15.5."
Don: "Sometimes, I scare myself!" :-)
Norm: "However, the answer is shuffle-dependent since you will be forcing the cards left in the shoe to be poor and they will end up in the same general areas post-shuffle. Using a simple one-pass R&R, I get +15.0. Of course you will have to alter your betting. If you do not, you will actually do worse since your TC will nearly always be negative and you will end up flat-betting. If you use a 1-15 spread and an initial running count of +15, I get a SCORE of 189. If you used an IRC of the actual cards cut out, the SCORE would be substantially higher."
My final comments: 1) It's always fun to research the answer to a question we've never seen before, even if this one has no practical value whatsoever and is simply a curiosity. And 2) If you'll pardon the immodesty, sometimes my blackjack intuition scares me! :-)
Thanks to Norm. Hope readers have found this interesting.
Don