Does Lift/Drag generally improve at higher Reynolds numbers?
Yes, the boundary layer that surrounds the airfoil is known to decrease its thickness as the Reynolds number increases; its relative thickness to the characteristic length (the cord for example) scales as $Re^{-1/2}$ in steady flow, and the polar curve becomes more horizontal when Re increases. Meanwhile, lift coefficient increases just a little bit (check this post).

In result, lift-to-drag ratio increases with Re.