I used to race supekart . 250 cc GP engines 2 cylinder 2 stroke running on 100 octane. We used EGT temps to tune the cylinders, as each cylinder was an independant induction system . EGTs were in the range of 700 -800 degrees. Changing a jet size in 1 carby would net approx 15 degree heat change in that cylinder, so if cylinder1 was at 715 and cylinder 2 was at 745 degrees then we would either jet cyl1 down 2 jets , or richen up cylinder 2 by 2 jets. With dyno time, you can work out the best fuel ratio for max power.
We used the dyno to test pipe design. It also is useful for testing ignition timing, for programmable ignition systems. Dyno time for us was limited to how deep your pockets were.The numbers dont really matter, ( so scale isnt that important)its being able to see and predict the change in performance. One dyno setup we regularly used gave us a generous 105HP reading, while another gave us 95HP on the same setup. Bragging rights of course, dictate quoting the first set of numbers...