Agree with posts regarding CHT. That's the important variable for cylinder longevity. (BTW, my club flies Archer III's with the same engine. 1480 is fine, but as stated, doesn't necessarily mean a lot. I would be more interested in the spread.) Unfortunately, you don't have CHT readout. That said, EGT readings can be of some use.
EGT is the result of the energy of combustion (energy released in the combustion of fuel/air) minus the energy used to produce horsepower or work, (including the energy used to heat the cylinder). Since an engine is not 100% efficient, the wasted energy flows out the tailpipe in the form of heat. If we lean an engine from full rich ( equates to a lot of unburned fuel) to best power, EGT will increase because the additional energy released in the fuel due to the more efficient burn is greater than the resultant increase in engine HP. If we lean from peak EGT to Lean Misfire, EGT will decrease because there is insufficient fuel in the fuel/air mixture, and thus less total energy. Given that mixture affects EGT, any problem with a cylinder's mixture, such as an intake leak, will impact EGT.
Using the "energy equation," as it relates to cylinder compression, a leaking cylinder (exhaust valve, rings, etc.) will also cause EGT to increase because the work output of the cylinder is less--less horsepower produced for the amount of fuel burned.
Even timing affects EGT. A retarded spark causes the peak pressure of combustion to occur later in the cycle and reduces horsepower, so EGT increases. (A misfiring plug, for example, will cause EGT to rise.)
A worn cam lobe will cause an intake valve not to fully open, thus allowing less fuel/air charge into the cylinder, resulting in a lower EGT.
So, as you can see, EGT output can be useful.