Anyone run high-flow Cats to reduce hydrocarbon exhaust smell?

Thinking about what you said about your ECM, the only "misfire" it can sense is if a spark plug or injector fails to fire, right? If that's the case you could easily still have cylinders misfiring from the heavily diluted charge in the cylinder; when the exhaust gets pulled back in during overlap at idle, it creates pockets of already-burned gas within the cylinder; like EGR but not controlled. When this happens it can't ignite from the spark so on the next stroke the piston just pushes it all out; inevitably there will be unburned fuel in there because the cylinder didn't actually "fire" when it was supposed to. And all this time the injector is firing each intake stroke regardless of how much oxygen is available in the cylinder when the valves close.

I don't really get the lean readings at idle for high-overlap cams though I'm kinda stumped on that lol.

I believe what you are suggesting is possible, but you sure are sure stuck on the misfire thing. It's a brand new motor almost perfectly even 200 psi cranking compression, running an "closed (corrected term)" loop EFI, brand new wires, plugs, cap and rotor and perfectly colored plugs. It runs as smooth as silk. It's not misfiring. Well, aside from 9 times in 2000+ miles. You can hear and feel a misfiring motor.