If you go to the tech section you can read all about the ignition timing. 4 degrees probably won't hurt you. But it depends where you do most of your riding. You need the advance for higher RPM. But if you ride mostly trails then you don't need any advance. You should really try it out to see how you like it. Heres a couple paragraphs for the tech section.
Anyway, what happens when you move up or down from that 5 degree starting point? Offsetting the flywheel even more helps the engine achieve more complete combustion at higher RPMs. Starting the fire earlier, you know. But more combustion time in the cylinder means more heat absorbed in the block and head too. You'll gain top end but you'll probably need a bigger jet to keep the heat below the 380?390 degree upper limit. If you've blocked off part of the air intake on the fan shroud you may want to open that back up a bit. Most tuners aren't afraid to go up to 7 or 8 degrees, but few venture beyond there.
Unfortunately, that top-end increase comes at the expense of low end. And on track where getting off the slow corners is the difference between winning and losing, that's a poor trade. In cases like that, an experienced tuner reduce the flywheel offset to 4 or
even 3 degrees to improve low RPM performance. Since the fuel/air mixture always burns, more or less, at the same speed, if you need the engine to be at its best at lower RPMs too much advance can move the peak combustion pressure back so early in the crank rotation that it actually resists the momentum of the crank and flywheel and hurts performance. Of course, to get the optimal fuel mixture at these lower RPMs, and to help get the heat up into the desired range, you may need a smaller jet if yon reduce the offset in the ignition. Closing off some of those air intakes in the shroud may help get the heat up too.