Peak EGT generally occurs at an AFR of around 14.7- 15.0 to 1 on gasoline. This is far too lean for maximum power and is dangerous under continuous WOT conditions. Many people think that the leaner you go, the higher the EGT gets. This is also incorrect. Peak EGT occurs at stoichiometry- about 15 to 1 for our purposes. If you go richer than 15 to 1, EGT will drop and if you go leaner than 15 to 1 EGT will ALSO drop. It is VERY important to know which side of peak EGT you are on before making adjustments. It is safe to say that peak power will occur at an EGT somewhat colder than peak EGT.