So I wonder what Al from ZZP was talking about.
Here is what he said in an email to me when he asked what formula I was using in the log I sent him, which was Lambda = (0.1621 * Volts) + 0.4990 from AEM's documentation for my gauge.
He replied, "Whichever way you end up wiring it, as long as it works, you need to use the AFR conversion, not Lambda. The LSJ pcm uses afr. Having to convert backwards from lambda on my end just adds error and time."
I asked if he would like a new log with my math parameter changed to AFR and he replied,
"Yes I would like a log in AFR.
Purely FYI though; A lot of time, you'll see people on the internet pounding the keyboards screaming "lambda is more accurate" which is absurd. EVERY wideband sensor is a Lambda sensor. It's only measuring the variance from stoich. It has no idea if you have gas, propane, e85, or methanol, or any combination. The gauge is taking that signal and converting it into a 0-5v output, which never changes. All that does change, is the conversion factor you use.
Lambda IS more universal in the sense that it is the same for every fuel, and I do think it's worth becoming familiar with it. However, gas-scale AFR is the exact same information, just in a different language. And if the PCM speaks in gas-scale AFR, it would make sense to use the same language for data collection. It's less mental math for me and less room for error."
I don't have sufficient knowledge to argue one way or the other, but I took him at his word based on the number of LSJ's he's tuned over the years.