One has to distinguish between the speed of light in empty space, which is a constant, and through any other medium, which can vary enormously. Light travels more slowly through water than through empty space, for example, but this does not mean that you age more slowly while scuba diving or that it is easier to twist space-time underwater. The experiments done so far don't lower the speed of light in empty space; they just lower the speed of light in a medium and should not make it easier to twist space-time. Thus, it should not take any less mass-energy to form a black hole or a time machine of a given size in such a medium.