Sorry I won't be of much help
It will help to fine tune each specific cylinder, great for cars with port injection,
where you can fatten or lean each cylinder individually,
especially those that are prone to have lean spots {like blown, turbo or N20 combos},
each cylinder running the same temps as the rest, will aid to better performance...
I'm byfar not a computer guru, I never will be either & haven't even looked at that stuff since 2007 either...
My ol'partner Rob C. was the guy who did most all that stuff, read the Racepak stuff, I didn't have time to do both
{didn't really need or want to either, I was {still am} a little stubborn for sure}
I did the bulk of the tuning by previous experiences &
a few experts help to begin/baseline & he {Rob} told me where I was off,
it wasn't ever by allot, twice !!...
I always tuned by feel, some by weather & track conditions {DA} & mostly by reading the plugs,
after a good baseline pass...
but I'll be the 1st to admit,
it was a great tuning aid for Fuel Injection {especially if your on the ragged edge},
It didn't help me anywhere near as much on the Carb/'s equipped combos for me thou,
{helped with N20 Jetting on fogger port kits thou, even on carb combos}
you can stagger jet the carbs a little, to help to compensate on the Carb setups...
I had used it with split Dominators for a short while,
with each throttle plate/bore setting over each intake runner,
were jetting was much more precise, than a box or open plenum style typical multi-carb manifolds were...
it's critical with Diesel combos too, if you want them to last
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What's the pro's and con's? Thinking about trying a system
Is this for a Racepak system ?, sorry I'm kind pretty much of out of date on most all that stuff now
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decent read
http://www.foxvalleykart.com/print/prt_egt.html
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also this article
EGT Myths Debunked
Although it's about aircraft mostly it will tell a broader story, has useful information for graphs explanations etc.
nerve can know enough
http://www.gami.com/articles/egt_myths.pdf