My opinion, stick with the stock setup unless you have the time, inclination and tools to validate any changes. The factory was certainly conservative in their choices, but at the same time interested in the best performance they could deliver consistent with long engine life under a wide variety of conditions. You could probably squeeze out a few percent more power and/or fuel economy; but is that really worth risking the kind of damage shown above? If you are going racing, then the answer is certainly "Yes", but not (I think) for normal driving.
In other words, even though I don't know the specific whys and wherefores, I'm certain they had valid reasons for making the timing curve more conservative when they put so much time and energy into making the engine more useful on the street (by optimizing mid-range power rather than peak power). It wasn't just laziness or stupidity.