"That's odd, I thought that in the old days cars always ran on the rich side of stoich to keep the in-cylinder temps down (hence all the stories about running lean -> "burnt valves).
I also wasn't aware that we are currently required to run @ stoich. Are you quite sure about that? It seems like there are lean-burn engines in current production automobiles (Honda vehicles, for example).
I know that stoich operation (or even a little bit rich) is the standard at full-load, but that doesn't really pertain to an EGR discussion..."
At part load older cars ran lean, Porsche 944's ran at lambda=1.2-1.3, at full load you want maximum torque so they ran rich, say lambda =0.9
The Japanese market is different to most, where Nox regulations are less stringent. Alot of japanese market cars run lean on part load, Honda S2000s and mazdas, are not unknown to be optimised for part load fuel economy,say lambda =1.4
The compromise is that during the part load "emissions test operation window",the catalyst does converts most efficiently at stoich.
Richer then stoich, and HCs increase, leaner Noxs increase.
The US market regulations, such as stage4, are partculalry stringent on Nox, while the European market is more strict on HCs (hence you see places like Sweden taxing farmers on even how much HCs their Cows make!). Running stoich reachs a good compromise of both HCs and Nox.
Lean burn engines for world markets usually have lean Nox traps such as Zeolite converters-which periodically have to be purged by the engine during the normal running cycle. It's also common for world market lean running cars to have a large proportion of ceria in their normal 3 way catalysts to encourage oxidation. Lean burn world market cars are of low volume and quite specialised.
At WOT, cars , especially boosted ones run far richer then stoich, quite often for either component protection and/or Close coupled catalyst protection. Usually this is out of the emissions test window, but there are groups that want vehciles to run stoich even at WOT-provided the component protection criteria has not been contravened