Ok,
1. I have not used an AFR dyno so I don't know about how fast they are but the goal is to make the engine perform smoothly, efficiently and at its best potential. All 4 gasses are read simultaneously when sampling each cell so if an AFR dyno operator is sampling every cell, I can't see a difference in time but I could be wrong. I do not consider open loop to be a disadvantage because an O2 sensor is designed to work within a specific range. That range may not be where the engine is making its best power, where the engine is operating most efficiently or where the engine is running smoothest, even though most of the time, the O2 sensors are being used at partial throttle positions. As a matter of fact, partial throttle positions is where a 4 gas tune gets their biggest compliments from people who experience them and is often times where I pick up extra torque from a bike that was previously tuned on a dyno not using 4 gas. So if a speedy tune is the goal, maybe a closed loop tune is better in that regard but for tuning for best combustion, I don't see an O2 sensor ever being better than a 4 exhaust gas analyzer.
2. 02 sensors (closed loop) override the information I have collected from my 4 gas sampling and O2 sensors are simply not capable of reading the combustion process in the thorough manor that a 4 gas analyzer is, so, IMO I would not want an O2 sensor thinking it knows how to better make the the engine happy than a 4 gas analyzer that sees 4 times more information than the O2 sensor and the 4 gas is gathering data to enable the engine to perform its best on a scientific level, not a target AFR. Nor do I want an O2 sensor deteriorating my tune because it starts to collect data that is either wrong or data that may be wrong due to the design of the exhaust or placement of the O2 sensor.
3. I do not tune to AFR so whether the tables match up is irrelevant. The VE's override the AFR or Lambda table anyway, right? Only to be overridden again by the O2 sensor in a closed loop system, right? I could be wrong about that but, whatever the case, if the engine performs smoother, has batter mannerisms, power on tap and good fuel economy, I don't see what a table matching up has to do with the the end result of the way the engine behaves.
Another thing about AFR tuning, a target/predetermined AFR can be achieved in more than one way. That AFR can be achieved by adding more fuel and retarding timing or removing more fuel and advancing timing and all points between. If the target AFR is X, or 13.2:1 for example, and is achieved by either of the above examples, which AFR is right? The one with with the advanced timing or the retard timing or somewhere in between? I hope the answer is not the most retarded.
