From the NGK (Australia) site:

"4. Heat Range

With modified engines (those engines that have increased their compression) more heat is a by-product of the added power that normally comes with increased compression. In short, select one heat range colder for every 75-100 hp you add, or when you significantly raise compression. Also remember to retard the timing a little and to increase fuel enrichment and octane. These tips are critical when adding forced induction (turbos, superchargers or nitrous kits), and failure to address ALL of these areas will virtually guarantee engine damage.

An engine that has poor oil control can sometimes mask the symptom temporarily by running a slightly hotter spark plug. While this is a "Band-Aid" approach, it is one of the only examples of when and why one would select a hotter spark plug. "

Not sure about the 75-100hp though. I'd like see it in a Speedie