Prior to concerns with emissions, the carburetors were set to run a little rich for performance. A little rich is good, a little lean is terrible.
The carbs runs rich because Air density, temperature, and humidity are variable. And, you must not let the engine go lean when these factors stack up to create a lean condition...ever. The SOHC4 does not have any means to adapt to different oxygen content ratios in the inlet air. Therefore, for most common operations, the engines run on the rich side of stoichiometry. Not so much because of desire, but because of necessity.
If the fresh charge is fuel rich, the exhaust will be fuel rich. If the fresh charge is lean, the exhaust will have oxygen. Mixing the exhaust with the fresh charge will only aggravate the inlet condition. However, the effect is very slight. But you cannot lean the intake to take advantage of rich exhaust.
Says who? Honda did exactly that with the 77-78 model CB550K's, for example. The 4 into 4 outlet diameters were reduced in size which elevated chamber pressures and reduced cylinder scavenging. The engine, cam, head, valves, intake runners, carb venturi diameter, and air filter all remained the same. These bikes get the best economy of all the CB550K models, have the smallest jet sizes, and also produce slightly less power than the previous K models with the stock 4 into 4. They also had the lowest emission numbers. Seems a perfect existence proof. What analysis data am I missing?
EGR systems do not restrict the exhaust flow, although some require back pressure for proper operation. My Chevy P/U is one such beast.
I venture to guess your Chevy P/U does not rev as high as the SOHC4 and the air velocities through the cylinder are not comparable. Lots of chevy P/Us have an Ox sensor and a closed loop fuel metering system. Further, the SOHC4 does not have an EGR system or an Ox sensor closed loop fuel metering system, last I checked.
In stock form, the SOHC4 exhaust system does have back pressure. If you simply change the exhaust with one that has similar back pressure/ flow characteristics, the jetting required remains the same. If you change the exhaust for a different back pressure/flow characteristics, the jetting will need to be adjusted in order to have the same rich cushion that ensures the engine will never find air conditions that cause it to go lean.
Exhaust restrictions have no bearing on the A/F mixture on a four stroke engine.
Sorry, but I still see no justification, data, or reasonable rationale for that statement, and must reject on that basis.