Two things on this:
1 - lowering the gear can increase acceleration from a stop, as when you start moving you are at a higher rpm (into the real power) sooner. Plus you can slip the clutch less as engaging fully won't drop the revs. As someone else noted, this can be limited by having to back off anyway if the bike is wheely prone.
2 - I did this mod on a previous bike of mine for driveability. More specifically, the difference between first and second gear was substantial, and thus downshifting into a turn I found the drop to 1st to be too much, but felt the bike was lacking on acceleration out of the corner in 2nd. Changing the sprocket meant that I could be more in the power band in second and didn't have to drop into first. The pro racers do this all the time to get optimal gearing on a particular track. If you find yourself on certain roads, with certain speed corners, this could help.