I saw a 300 with the pipe wrapped in Google images, with aftermarket exhaust (I think it was a Leo Vince slip on)..
Exactly this. Exhaust wraps are mainly for cars, especially turbos. Keeps under bonnet temps down as stated, all the heat stays in the pipe. Helps intake air temps to stay low.I wrapped my trans am and the only reason I did it is to lower the temperature under the hood, I believe that is the only real benefit that being said it does not make sense for a bike.
Unless you rest your heal there ??
Or ride a Ducati.the heat you feel from this bike is almost unnoticeable , if you want to ride abike that when it gets hot it cooks your legs/feet, take a 2002 upwards vfr800 for a spin, the seat gets toasty hot, your right foot gets cooked from where the exhaust pipe comes near it and the cross flow radiator fan sucks in from the left and blows to the right & cooks your right thigh