One thing to consider.....
The higher the exhaust timing, the smaller the engine becomes. Why, because the trapped charge (when the exhaust closes and starts compressing the charge) becomes smaller the higher you move the timing. It is a significant difference between 182 and 190 in the effective size of the engine. I personally run low timing for this reason. I can get Super RPM easily by using pipe length and combustion chamber design.
OK, a specific example. I built a .21 engine with 182.3 degrees of exhaust timing and though about raising the liner .015" to make the timing 187.3 degrees. When I measured the difference in trapped charge, I saw that the engine was 4% smaller (too big a loss). Decided to stay at 182.3 and it runs great with a ton of RPM.
I don't really think that exhaust timing has that big an impact on overall performance other than the loss in effective size in the engine. As long as you have 30 degrees of blow down time, the engine should be great. Blow down is MUCH MORE IMPORTANT than high exhaust in my opinion.
If we look at the engine in static terms the argument for making the engine smaller with increased timing holds true. However, the engine works in a dynamic realm, not static. With a properly proportioned exhaust system, a little more timing can actually increase the total trapped fuel mass.
The old terms of non-piped timing and piped timing still hold true today.
Currently, in control-line speed, the fastest non-piped .21 engines are using over 180 degrees of exhaust.
I still hold the IMPBA D hydro SAW record that was set with an engine only having 20* of blow down. It was not a purpose built SAW engine and the engine had lots of drivable torque for heat racing....something that goes away with increased blow down timing.
As for my opinion on what is good exhaust timing, it all has to do with other proportions in the engine and pipe system. Some .21's will go really fast with only 175*. Others won't get moving until you get them at 190*. For the typical Novarossi 180* to 185* is good.