I don't temember where I read it off hand, but from what I read, the spark energy, as a whole, is not very critical on a good engine with good mixture. Our KZ's fall into that category when properly tuned and maintained.
However, on 2-strokes and poorly designed 4-stroke engines, spark energy matters, but in different forms of higher energy. On two strokes the tough part was cutting through the oil, so the CDI really did well there, because the higher voltage could arc through an oil-fouled plug much better.
On 4-strokes CDI would help cut through a fouled plug, but if it wasn't fouling another phenomena was taking place. A poor mixture has a slower moving flame front. If you have a short duration spark, no matter how intense the spark is, only a tiny portion of mixture comes into contact with the arc to get ignited and the flame spreads slowly (at low RPMs). If you give it a long duration, intense or not, more raw mixture is allowed to swirl through the arc and the flame starts out many times larger and spreads much faster. This is why MSD puts out several short CDI bursts, to get multiple flame fronts going. But it does it only at lower RPMs. At higher RPMs, it doesn't have time to put out multiple bursts, and most likely it doesn't need them anyway since the gases are already moving much faster at higher RPMs.
On a well tuned engine in good condition, the flame can actually spread faster than the mixture can travel through the spark, so the duration or intensity becomes irrelevant since the extra spark is only traveling through already-burning gases. This should be the situation on a good, stock KZ engine. If spark energy noticably affects the power and idle, the mixture could be suspect. I did some crude experimenting with reducing spark energy and could not notice much difference at all on a properly jetted KZ (550 and 650).
Higher compression puts more insulating gases in the spark gap, so CDI is better at "cutting through" in that case as well, but that is usually only a factor in drag racing. Stock compression shouldn't have a problem with the lower voltage from a Kettering style ignition.
I'll see if I can dig up a link... and see if my time machine works. It's been sitting for awhile.
EDIT: well on a quick search I couldn't find it. (it was years ago), but I'm pretty sure it was a tech piece written by John De Armond.