First thing would be to see if that hanger is even supposed to be there. A check of the parts manual will find out. See, that hanger is attached to the engine mount, which doeen't move, and to the exhaust, which moves a LOT on a Dynafocal engine, which that one is. There's a rubber loop in the hanger that should be soft and supple, not hardened and cracking, if that thing is supposed to be there in the first place.
If it shouldn't be there, it will cause cracking to that exhaust system sooner or later, by yanking on it every time the engine fires and torques the engine against the propeller's mass. It could bend that mount tube as well. Same thing goes for how any hoses or wires are restrained to the mount and engine: leave plenty of slack for movement or you'll be replacing damaged stuff.