Generally, the softer the compression damping is, the less the arm pump. Also your lessening the race sag and increasing fork bottoming resistence (by adding oil) can increase arm pump.
But really you should set the suspension correctly and then put the blame on yourself and not the bike. You are riding too tense, have poor circulation (possibly due to eating/drinking lots of dairy products), don't exercise your forearms properly, and aren't utilizing your legs properly while racing. Also your body position is not far enough over the handlebars.