It's an old hot rodder trick from the '60's. It does help to some small extent, but nothing that's going to drastically improve your power. As for a wider gap....maybe slightly, but there's really no advantage with a stock engine in doing this. Opening it up too much will cause spark blow out, which works against you, not for you.
I say if you want to index the plugs (and go with copper plugs BTW) and cut back the element to center it over the electrode, go ahead....but don't expect miracles.