Interesting discussion.
I had an RT with brand new Metzelers, didn't realize I was almost ten pounds low on the rear tire, ran a 100-mile stretch with lots of curves at, uh, extra-legal speeds both ways a couple years ago. Back end felt odd, I pulled over and the tire looked absolutely baked (like a hard day at the track), and the rear looked like a slick, had worn all the way past the wear bars and was showing threads. Five hours later, $400 poorer, I was towed the 200 miles home. Won't do that again.
If you read Motorcyclist or Cycle World, they almost always drop the "street" tire pressures by 5-10 lbs when it's time to test on the track. Logically, it would increase the contact patch a little bit and give a little more lean angle, but it also results in the tire being worn out very quickly.
If you're riding a track day and don't mind replacing your tires, drop the pressure. If you're gonna' be riding 700 miles, and will be dozens of miles away from the next town, I would ride at the recommended pressures.