I'm the first to say I'm not an expert or particulary fast rider but I try hard and I've played around with this.
Fact: the front brakes provide 70% of all braking power. That means that the rear can offer upto 30% of the stopping power.
Those of you who have done your licencing with with H.A.R.T. would remember the emergency stopping drill. As a group we had to decide where the instructor would stop using rear only, front only, and front + rear. Believe me that both brakes together have a substually better stopping distance. I watched, then tried. Since tried it again recently as well. Can't despute the results.
So transfering this to fast riding (not necasarily appropriate for public roads) it menas that you can go further under power before applying the brakes deep into the corner.
Too much front brake can do a couple of things:
- It can create too much weight ransfer and overwhelming the grip provide by the front tyre.
- it can also cause the rear of the bike to walk and step out sideways as the rear tries pass the front
- or it will dance and start to leave the groung all together.
However a LITTLE rear brake will settle the rear of the bike keeping it inline and in contact with the road.
A substantial amount of rear brake wkile traveling in a straight line WILL have dramitic effects on stopping distance.
BUT, you don't have the same dexterity or feel with your feet as you do with your hands so it takes practice to get it right.
A little more rear brake can have you backing into to corner like pro, don't know that its any faster but crap its fun.

So what do I do?
Well as Rob, Scotty and Mario can probalt attest to, I aproach the corner pretty hard using both brakes. then I'll let the fronts off as I begin to turn in but leave the rear on fractionaly longer before easy it right off before mid corner and feeding in the gas again. I've found that this helps stop the rear trying to pass the front.
In the wet I only use it extremley gently to try and stop loading up the front too much, but only in a straight line. I also use it heaps lane splitiing or aproaching lights when Im sitting up having a rest or stretch.
Right or wrong, this what I do. As I said I use 1 set of rears for every three fronts. That means I'm upto 3 sets of rears 7 fronts.