It does provide more crush space but there's a reason the gasket isn't thicker to begin with. All gaskets, (well all except steel shim gaskets) creep a bit. Creep being loss of clamp stress. If you torque the bolts to a given level and then heat cycle the bolted joint for a while, you can go back and measure the amount of torque or clamping stress that the bolts have retained. Actualy the bolts haven't moved but the gasket under them has collapsed. Gaskets that retain 80% or more of initial stress are generally pretty good. The bolts are acting as really stiff springs. Torquing the bolt stretches the bolt and puts load on the gasket. The gasket collapses and the load goes away. The the joint leaks - especially exhaust gasket joints, head gaskets too. If a 0.03" gasket creeps 20% the bolt loses approx 0.006" of stretch. If a 0.06" gasket loses 20%, then the bolt loses 0.012" of stretch. ie thicker gaskets creep more and leak more. You want the thinnest gasket that will do the job. Also, and just as important, is what the gasket is made out of. Some materials creep more than others. The Grafoil material used in the Fel-Pro manifold gaskets creeps less than mosts other materials when run through the wide temp range of an exhaust manifold. You might be able to get as good performance with 0.08" of Grafoil as "0.04 of some "Kevlar" loaded material.