No, you don't want to lean it out. The PCM derives it's WOT LTFT from LTFTs during the rest of your driving. It does not use the O2 sensor during WOT. You need to do VE and MAF tunes to get your normal driving LTFTs as close to zero as possible. That'll bring your WOT LTFT back to zero, thus raising your O2s.
On the subject of the O2 sensor, it isn't useless. It's good for relative measurements. My 890 might not be as rich as your 890, but if I was seeing 890 and I'm now seeing 850, I know I'm leaner than before. See?