We can definitely change the A/F mixture a lot by messing with the AFM - we've seen this with my car, Dan Pina's, Neal Agran's, David Dirks', and it's not subtle. When I was chasing a what turned out to be a bad AFM wiper track earlier this year, I got my car so rich it made my eyes water, and shot flames out the back on over-run.
The question is does the O2 sensor screw these adjustments up over the long term. I can look at the Traqmate logs over the course of a several weekends when I get home, to see if it stays the same over time.
It is interesting that Dan's car was running so lean - the O2 sensor wasn't helping there, or at least didn't have enough adjustment to fix his problem, while adjusting the AFM does.
It's very important to discount dyno results that did not allow LTFT time to adapt, unless the purpose of the test was to do precisely that. The first time my AFM was messed with was by the guy that built that particular engine, #7 of 15, IIRC. The mixture seemed to richen up a little and I gained a couple hp. It wasn't until the DME had time to adapt to the that the lean problems started.