timing advance increases mid range power and if it reduces bottom end power it's nominal. you don't maximize the full power potential of your engine w/ the stock timing. as for your wot stumble, djack, you say you checked the plug and it's a good color, but did you pull the plug at the main circuit? if your bike was idling when you cut the engine off, then the plug will only read the condition of the idle circuit. you HAVE to do a chop at WOT to know if your main jet is correct.
advancing timing tends to make a slightly lean mixture detonate much more readily so if your main was just a little too lean, it the advanced timing would make it seem like it's REALLY lean.
do a chop at wot and see what the plug tells you. 4+ timing is a good thing if you get it tuned right.