In the advert for the bike the guy says it has stainless downpipes?
When I was at Uni, a mate of mine did some research around this for his dissertation. The aim is keep the walls of the exhaust hot so that when the exhaust gases contact the boundary layer they don't cool rapidly and lose kinetic energy/drag (and that change in pressure due to contraction doesn't adversely affect gasflow). I know he did his research primarily around a single cylinder engine, but measurable gains (on an old school dynamometer) were made by reducing the heat losses in the walls. There may have been other pressure wave effects also, but fluid mechanics is not my strength.....
I thought it was developed for car racing to keep the under bonnet temperature down