I didn't watch the video, my download speed is too slow.
EGT is a measure of the heat in the exhaust pipe at the location of the sensor. That dimension can vary from cylinder to cylinder in any engine and even more so between engines. What it tells you is what is happening in combustion. In an engine with a big diameter cylinder, the plugs are usually several inches apart and if one of them is not working it will make the combustion process slower, which results in hotter gases going out the exhaust valve, hence higher RGT. That information can tell which cylinder is misfiring in a normal aero engine. Maybe not in a small rotax cylinder.
If the mixture is too lean it burns slowly, again resulting in a higher EGT. If the mixture is too rich it will also result in a higher EGT, because combustion is still in process when the exhaust valve opens.
Have a look at what EGTs can tell you and you will see that in a Rotax with a Bing carby it is a nice extra, but nowhere near a necessary instrument and definitely not an instrument to compare engines.