This causes a shift of the heat from the cylinder to the pipe. This can prevent the piston from melting at high rpm, but the biggest benefit is how the heat affects the tuning in the pipe. When the temperature rises, the velocity of the waves in the pipe increases. At high rpm this can cause a closer synchronization between the returning compression wave and the piston speed. This effectively extends the rpm peak of the pipe.
Most manufacturers stamp the stator plate with three marks, near the plate's mounting holes.
The center mark is the standard timing. If you loosen the plate mounting bolts and rotate the stator plate clockwise to the flywheel's rotation, that will advance the ignition timing. If you rotate the stator plate counterclockwise to the flywheel's rotation, that will retard the ignition timing. Kawasaki and Yamaha stator plates are marked. Honda stators have a sheet metal plate riveted to one of the mount holes.