Every specific system is unique, but assuming stock BMW ignition system and nickel-alloy main electrode plug, then 0.037 - 0.048", start small and inch up on the larger gaps to find the limit. Give enough testing time between increasing gaps to allow for wide range of load and RPM - across which there should be no misfire. Be watchful and patient.
For platinum plugs, start out at higher gaps 0.049 - 0.070".
Finding the absolute optimum gap you will end up wasting a set of plugs as you inch past the target, but they are relatively cheap. If you do not want to waste a set, then be conservative and as long as the engine runs good, just leave it. The unshrouding and the indexing should bring a noticeable gain in smoothness if done right. Gain in power will not be discernable by butt, and barely measurable (if even) on a chassis dyno with its large variances
*gap measurement is closest point between main electrode and ground strap. If you cut the strap to fully unshroud the electrode, then the feeler gauges have to go in diagonally, not flat on top of the electrode.