Unless ur WBO2 can be re-curved for different fuels, I would use Lambda as the guide. The 10% ethanol we have here in Chicago has a stoich of 14.2 not 14.7 but Lambda will always be 1 for stoich regardless of fuel. So whereas I would shoot for 13.0AFR WOT w pure gas, my ZT-2 WB would indicate 12.6 for 10%.
I do appreciate the distinction and that you chimed in to make me aware of it in case I had not been, however for my purposes I ignore that and just always tune to and speak in gasoline AFRs.
Lambda is lambda, afr is afr. Widebands automatically correct for any fuel based on a gasoline scale anyway because they measure lambda and display AFR based on a calculation of AFR based on fuel type...they don't really care what the fuel is, that is just used to change the display to match actual air/fuel ratio. I don't care about that. I leave mine set on gasoline AFR, and discuss my tunes as such because that is what I started tuning on, that's what I'm used to, and it keeps me from having to do complicated conversions in my head.
Your wideband reading doesn't change with fuel type, unless you change the display setting. If you are tuning to the same lambda numbers and you switch fuel types without changing the gauge settings, you should still be tuning to the same indicated AFR, unless the fuel type just happens to like a richer or leaner mixture.
Methanol, for example, is going to require 2.3x or so the flow rate of gasoline. However, if you take a stock car, tune to 12.5:1 afr, then put in injectors that flow 2.3x more and switch to methanol, your wideband is still going to be reading 12.5:1 afr...unless you switch the gauge settings to methanol, in which case it will read whatever that lambda equivalent is in methanol (maybe 5:1 or something, don't know off the top of my head). Obviously that assumes perfect-world math and it will probably drift a little bit, but it will be a very close starting point.
It's unimportant on this car though because I was too lazy to hook up the wideband, so I have been approximating based on stock O2 voltage...which is highly unreliable, obviously, but I assumed the factory tune would be pig rich and I didn't have to worry about starting off too lean. Clearly that is not the case.