Never used it on a bike, but made the mistake of installing on a 4 cyl cage several years ago...
Worked great at first. After about a month, all four header pipes were separated at the collector... all the welds came apart from the rust / heat / pressure of the wrap.
On a post-mortem inspection, I noticed the header had rusted / pitted so badly on the surface from water migration / intense heat, that I wouldn't have had much longer anyway...
It not only cooled the engine compartment, allowing cooler intake temps, but also kept the exhaust hot longer, which kept the exhaust gases exiting quicker, thereby drawing cold air in even quicker into the cylinders...
It works, but I paid for it in the long run.