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A good spot, Mr Gazza. I reckon if you'd been around in WWII, you'd have been scanning aerial photos for U-boat pens and the like!
I think you're right though, the red dot indicates the lightest point on the tyre and so lining it up with the valve should minimize the number of wheel weights needed to achieve balance. It's also a useful reference point to indicate if the tyre has slipped on the rim at all. Unlikely on the road but perhaps a possibility if you did a lot of track days on your Panigale V4R.
As far as quality control goes, my last three tyres (Monster and Gilera) have actually needed fewer weights with each new tyre so I think it's just a bit of a lucky dip.
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