I still do not get the purpose of the two petcock types. Presumably the normal 'on' petcock is the one with the standpipe and the 'reserve' is without. This would seem reasonable to me if the fuel tank had a flat bottomed but as it is there is a good size necessary division in them to accommodate the frame backbone. I just run two petcocks without standpipes and the couple of times I did push it a bit close I still got 4 or 5 miles from what was left on the 'reserve' side of the tank, the gas trapped, if you will, by that division in the tank.
The benefits, to me, are I can access all the gas in the tank without going through such nonsense as leaning the bike over and shaking it in a lame attempt to coax the trapped gas from the empty 'on' side to the other side.
I look at it this way. Reserve is a reminder that you f'd up and didn't gas up when you should have and to get you a little bit further, hopefully far enough for a gas station. It is not EXTRA gas.