Wideband and air/fuel ratio difference

For a naturally aspirated car, most engines like to cruise at around 14.7:1, but run better at somewhere between 12.8:1 and 13.0:1 at full throttle. Nitrous motors should be even richer when you hit the button for safety (and because there's a good chance one or two cylinders are a little leaner than the rest). With a narrow band gauge, fully pegged can be anywhere from richer than you need to be, to richer than 14.7:1 but still lean enough to melt a piston.

^This and I'll add 14.7:1 is when you will get your best emissions. Has nothing to do with power or fuel economy. I'd have to review some past work, but I think without a catalytic converter, 14.7 afr is pointless target for emissions, you can go leaner and get better economy but you'll create a lot more NOx (nitrogen Oxide) and thats not good.