Ok, I'm not a gasoline expert, but I gotta ask: What does octane have to do with a/f ratio on an EFI motor? It's my understanding that higher octanes only provided a higher burn temperature on a fuel injected motor.
Running too rich a mixture will mean that all the fuel won't burn during detonation leaving power in the cylinder. Too lean and your engine runs hot, and can cause damage to the internals (pistons) and also leaves power in the cylinder.
To completely burn gas, you need a mixture of 14.7:1. Search for Stoichiometry on Google.
Again, not an expert here, but I think the only time you would want to increase octane is if you had a higher compression ratio, somewhere near 10.5:1, or if you start fiddling with timing. The ECU modifies your a/f ratio.
My $0.02 -- And you get what you pay for
