When your on it, you are usually always better off using the entire rpm range available, even if peak power tapers off before redline. Like you said peak numbers don't matter, because its the highest *average* power throughout the rpm range that matters. Simply look at a dyno graph and imagine an average of the low and high hp numbers of your power band. Shade in the area under the curve between your start and end rpm in a gear. Shifting early will usually lower the average power available in each gear. Every engine is different though and you can't use your butt you need a graph and some maths.
Also, if your gear ratios don't match a particular track then you may need to shift early to avoid banging the limiter before a braking zone but thats another topic :s
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SS bikes have what is called overrev. As in they redline two thousand rpm above peak #s. So when needed you can hold a gear rather than shift up only to have to shift back down. Shifting at redline is slowing your drive. Example a guy at bogie was shifting his gixxer6 at redline 16000rpm, told him to shift at 14000rpm. He knocked 3 seconds a lap off. From a 2:18 to a 2:15. Oh and carboncat is in second place in his race class so I think he knows what he's doing.
