Oddly, a wider tire does not give more ground contact patch area. The area is based on the stiffness of the carcass, the air pressure and total weight on the tire. A wide tire gives a left/right wide oval patch. A narrow tire gives a long (forward/back) oval patch.
For a car, which corners "flat", the wide oval left/right patch provides better cornering. For a bike, which corners with different physics, needs to lean over. The wide oval left/right patch inhibits leaning, that;s why the bike feels heavier and slower. With only one wheel on the ground, a disproportionate amount of horsepower for the size contact patch, the front/rear patch provides better acceleration, and easier leaning.
Another factor is weight. Larger tires than stock have larger moments of inertia and weigh more. This inhibits acceleration.
If you have 200 HP, you have HP to spare. On a 24HP 360, their isn't a lot of spare HP to go around. The right size tires with lightweight wheels will increase acceleration and improve performance much more than fat, heavy tires on wider/heavier wheels.
There are no "rules", but Cafe Racers were invented to make the bike faster and handle better. At some point, it has been corrupted to "look cool" and the hell with performance.
Performance de-graders:
EMGO small pods
Short intake lengths
Fat Tire
Wider Rims
Short exhaust pipes.
To low back pressure exhaust.
In exhaust, there is more to the science of it then short, low back pressure. One of the key parts of a proper exhaust system is maintaining gas velocity out of the head. This creates a gas momentum that helps pull the exhaust out of the cylinder, even creating a vacuum near the exhaust port. This is called scavenging. It is also why an exhaust leak at the head will pop. The vacuum created by the flow of gas causes air (with oxygen in it) to enter the pipe and unburnt gases burn to rapidly in the pipe, causing the pop.
Wrapping the pipes was not done for looks. Wrapping the exhaust keeps the gases hotter and at a higher velocity then if they cooled. Increases scavenging. Many people wrap the pipes for looks, then cut the mufflers off, negating any performance increase from better scavenging.