There is 1 upstream and 1 downstream sensor on each bank, curry.
From:
http://www.myo-p.com/Ford-EEC/EEC%20Help%20files/Files/Lambse%20notes.htmlLambse
Lambse is the A/F ratio that the EEC is commanding or you could call it targeted or short term fuel trim. In a perfect world the Lambse is the A/F ratio that you should see on a wideband.
The value of lambse is calculated from the various fuel tables.
In closed loop operation Lambse is the calculated A/F ratio needed to maintain the set point (14.64:1) as reported by the O2's, and it seems to adjust much faster then KAMREF correction value. In open loop LAMBSE is the a/f ratio that the computer believes is being injected.
Lambda is A/F ratio expressed as a percentage of 14.7:1. Just divide the A/F ratio by 14.7 to get lambda, or multiply lambda by 14.7 to get an A/F ratio. If the lambda is .88, the A/F ratio is 0.88 * 14.7 = 12.936
It's just a percentage of stoich, or 14.7:1 A/F ratio. To convert a lambda value to an A/F ratio just multiply by 14.64. exmp: 1.25 lambda * 14.64 = 18.3 A/F ratio
http://www.efidynotuning.com/ford/fuel101.htm