There are many differences in narrow versus wide band sensors, one of which is that the wide band sensors are more precise and can read a wider range of AFR's directly. The narrow band sensor systems basically switch constantly from rich to lean to rich indications (they just indicate either rich or lean relative to the target, but not how much too rich or too lean), the wide band sensors with the appropriate controller can can lock in on a steady AFR, resulting in less switching by the ECM. In terms of the diagnostic code, it doesn't really matter which type sensor you're running, the code means the same thing. A low voltage indicates lean, and if the system cannot quickly correct that condition by adding fuel it sets a code.
Jerry