I experimented a lot with using sleeved cast iron cylinders for 920 engines back in the '70s and '80s. I found that torque plates made a large difference in performance for them. I've detailed those results here somewhere on the forum, but it's been a few years. In summary, without using the torque plates, you get major blow-by at the top of the bore at the spots where the through bolt counterbores are bored through to fit the sleeves. You will see large black spots in those locations. The engine will also smoke noticeably. It will still feel like it makes a lot more low end and mid-range power, but not so much on the top end. Using torque plates to bore and hone fixes those problems. I also found that I needed to cut grooves for copper o-rings in the top of the liner to keep from getting leakage past the (copper) head gasket.
I never saw the need for them with stock 750 and 850 cylinders. I went through several of them in road race bikes, without using torque plates, and never saw any bore problems. When I built an 850 out to 79.5 mm bore for my grandson's Commando a few years ago, I used the torque plates. Not sure if it was really necessary, but the cylinder does get a bit thin at that bore, and it wasn't that much extra work, so I did it just in case.
I also didn't use them with 750 and 850 alloy cylinders in the race bikes, and had no bore issues. If I were doing a new 920 conversion to an alloy cylinder, I would probably use them, just in case. The only one of those I've done recently was a 81 mm bore Maney cylinder on an ultra-short stroke 750 for landspeed racing, but it didn't have the problem counterbores (bolt heads on top of cylinders instead), so I didn't use them for it either.
Just relating my own experience, for whatever it's worth.
Ken