Sorry for the long wait since "edit incoming"; I wanted to triple check my maths to make sure everything was good
This number is off by an order of magnitude; it's closer to 25 points per 0.01s. But conceptually, your understanding of the marginal benefit is correct. Since each point is worth the same absolute reduction, the percentage of reduction goes up as points go up.
Even if every cast was as short as the GCD and the GCD was, say, 2.30s, that's 26 casts per minute, and to fit in a 27th cast, it would require the GCD to drop to 2.22, which would require about 200 additional spell speed.
800 spell speed gives 2.79 Fire II/IV and 2.33 GCD
1000 spell speed gives 2.71 Fire II/IV and 2.26 GCD
and these numbers support a gain of about 1 cast per minute with a gain of 200 spell speed.
So in a perfect world where this one extra cast is a Fire IV, that's a gain of ~80 DPS, yes; but to cast that extra Fire IV realistically, you need an extra Enochian segment, which is at minimum an extra four casts (Blizzard IV, Fire III, Fire IV, Blizzard III), which is currently unattainable. (Note however that if this were attainable, it would be the Fire IV DPS gain plus the extra other three spells, so much more than 80 DPS. My point here is it's something to look forward to some day, but today is not that day.)



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