This is the way it was explained to me by an ex pro-motocross racer and engine builder. I have followed this since, with good results in dirt bikes, weed eaters, and chainsaws.
The oils are formulated to provide optimum lubrication at a specific ratio. ie 50:1. If you run it lean, you do not get proper lubrication. If you run it rich, you get more lube than needed, but also get more oil in the combustion chamber than needed too. This can cause carbon buildups, fouling plugs, and such.
Older saws, dirt bikes ect may call for 32:1, 24:1, 16:1. When those engines were designed and built, they were specced for the oil available at the time, and probably called for a specific brand of oil even. IF you found a can of that old oil, it would run fine at the spec, say 24:1. But, if you mixed it 50:1, it would be so lean for that oil formulation that you would burn your motor up.
Two other notes gleaned from him, and another friend who is an arborist. For the motocross races, they only ran gas mixed that day. They found that even day old mix did not run as well at race speeds as fresh. The oil does break down the second you mix ix, so that makes sense. For trimmers and saws, I only mix a gallon at a time so I keep fresher mix available.
The other thing was that trimmers and saws these days are 10,000 rpm motors. Use a good quality premium gas in the mix, and a good quality oil. Makes sense to me; if I was spun up to 10,000rpm I'd want a good fuel mix too /forums/images/graemlins/wink.gif