I really don't think it is a major contributor to leakage either way. The story as passed down to me is that 750's had a habit of loosening base studs allowing the barrel to start moving with the pistons. Once loose,the barrels would cock in the crankcase spigot and crack the cases. I have observed these cracked cases in a couple P11, N15 and early '70's Commandos myself and wondered why they cracked.
The story continues that during the Combat problem investigation, this problem was observed to be on the increase. Norton theorized that the gasket was disintegrating allowing the barrels to move on the studs and loosen the nuts (or vice versa). The service bulletin went out to eliminate the base gasket and use a sealer. The issue was finally addressed with the 850 through bolts and gaskets were again used.
If this story is accurate, I don't see why using a base gasket does any harm, as long as periodic checks of the base nut torque is performed. If you have oil leaks at the cylinder base on a newly rebuilt engine, something was not done right on assembly whether you use a gasket or not. I personally don't use a gasket, especially when building one for someone else, because I feel if the owner does not check the tightness of the base nuts regularly, a gasket could only make the situation worse.
That's my story and I'm sticking to it.