Yup

In truth though, if your car is fast enough, you'll be too busy watching where you're going. As such, a setup with an alarm is far more useful.

As long as you can set conditions for the alarm such as "If throttle angle exceeds 80% then AFR must be richer than 12.0:1" in the event that you run leaner than that under those conditions then the alarm activates.

I've set my AIM dash up like that so that all the alarms are conditional, that way if I see a red light, I know i've got a problem. It's a pet hate of mine when people have alarms that go off under false conditions, it gets you into a habit of ignoring them!