I found. this on the NGK webiste:
INDEXING
Indexing is done by placing (usually copper) washers of varying thickness on the spark plug shoulder, so that when the spark plug is tightened, the plug will rotate a certain amount, and gap will point in the desired direction. In most engines, performance will improve when the spark plug gap opens toward the intake valve(s). However, without testing different index positions in an engine on a dyno, it is nearly impossible to determine which index increases performance. Indexing spark plugs will typically make only a few more horsepower – usually less than 1% of total engine output. For a 500 hp engine, that’s only 5 hp. It is usually not worth the effort.
There are also drawbacks to indexing spark plugs. When washers are added, the spark plug may loosen if the washers don’t crush properly and hold the torque. Also, if too many washers are added, the firing end of the plug will not be as far into the combustion chamber and performance can decrease.