Here is the list of things I found while trying this game:
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Pressing the Escape key in the first cutscene will end it quicker. It will also skip any dialog boxes.
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Pressing space/enter is equivalent to selecting ok.
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When you get to bay 6, bump an island after using the afterburner to get out of the tutorial faster.
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As for my speedrun (Any% and 100%), I will upload it later.
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How do you have Livesplit beside Turtle Bay? Did you use a second screen, because I can't make the game windowed. Also, there is no option to use VSync, so it runs at like 140+ fps.
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In the options, there is a difficulty selection: (Easy, Medium, Hard). Does each of these options affect the gameplay?
Additionally, in 100%, in bonus bay 10, bomb at least 1 octopus, otherwise, the game will be softlocked.
Other notes (not from me) can be found here: https://www.speedrun.com/turtle_bay/runs/zp3vwqgm
From note 7 (Reply): Actually, you can. However, you need at least 6 hearts for each bomb since it deals 5 hearts of damage i think.