I'm learning about all this as I go, but it seems that the sensor leans the A/F mixture to around 14.7/1 This only occurs at certain throttle positions (idle/cruising/overrun) . It is generally removed on race bikes with an 02 eliminator in its place and the exhaust hole/boss is plugged. Full race systems, of course, have no provision for the sensor at all
The bike can then be tuned to run on an A/F ratio which I think is closer to 13, optimum for power. The sensor is used on road bikes, primarily to protect the cat and control emissions. With the cat removed, the sensor becomes less useful as the ECU can operate on an open loop to determine optimum fuelling from the throttle position sensor (tps)
I want to remove the cat, but retain the sensor if possible and avoid a remap. My understanding is that the bike will alternate between closed loop (sensor activated) and open loop (ECU) when throttle is opened under acceleration.
Basically I want more mid range power without the need for a power commander or other fuel modulator and you have perfectly answered my question as "it rides superb"