Pewe, that link you provided had some erroneous information about the heat range of a spark-plug being related to the heat dissipation of the ground strap through the plug body and then the cylinder head. The heat range of a spark plug is related to the heat dissipation of the ceramic around the center electrode through the plug body.
The old technique of advancing until pinging was heard, then backing it off a bit was called "power timing"; if the motor pings at any point, you're losing power, as well as risking damage. Some drag racers back in the day of dual-point distributors found that their cars went slightly faster when they retarded the timing a bit near the end of the quarter mile. The theory was that in high gear with more wind resistance, the load and cylinder pressures were much greater than at the start of the race in 1st gear and zero wind resistance.
Today, the best way to determine optimum advance would be on a dyno, with a bit of trial and error.
Riccardo, what kind of fuel are you using?
You're right-on, Scottly...
Way back when, we discovered the 750 can indeed run 14000 RPM, with little more than lightening the retainers, sandblasting the OEM springs (i.e., the early straight-wound ones, not the post-1972 progressive-wound ones), adding some guide clearance (0.0004" extra over Honda's max, or 0.0020") and glass-polishing the stems, and then make the spark advancer "slow down" about 4-5 degrees between about 11,500 and 12,000 RPM. Above that, it seemed like the only thing stopping it was loss of compression. The guys doing this were using the engine, sans transmission, in midget-racer cars. The spark advancer was a marvel, 2 levels of spring advancers, with 2 little tapered (wasp-waisted) shafts on the upper one that pushed down through the lower one, to push the weights backward those few degrees while the engine ran past the 'stall point', as they called it then. One guy was running to 16000 RPM, but he didn't seem to have any more power than the others who were reaching to 14,000.
Of course, there were some other mods, but the guys who ran to "only" 12,000 RPM were doing it with the OEM K0 cams, retarded by their own magical number of degrees. The other ones (14k+ RPM) were making their own cams, so I don't know their dwell numbers. All of the 12k racers used stock round-top carbs that were bored 2mm thru the middle, removing the wasp-waist in the throat. The 16k guy had a 4bbl Weber with his own manifold. The 14k guys used Mikunis or Honda 450 CV carbs.