For one reason: Combustion Efficiency.
At part throttle, light load, there is much less pressure in the chamber (when compared to WOT) and therefore the charge burns much more slowly. This requires additional vacuum advance to optimize the combustion timing. With a purely mechanical advance mechanism, you have to greatly compromise between WOT-optimized ignition timing and cruise-optimized ignition timing. If you only tune for full-out WOT on the dyno, gas mileage will suffer. If you only tune for cruise-speed, the engine will ping at WOT. Vacuum advance greatly reduces the compromise between the two.
55mpg is terrible for our bikes considering the horsepower level, aerodynamic drag, and weight. More-optimal ignition timing, IMO, is one of the keys to substantially increasing cruise gas mileage.