I used Innovative wide band sensors from DIYautotune. They are very easy to wire and set up. Their service is excellent.
http://www.diyautotune.com/catalog/wideband-o2-systems-c-23.html?osCsid=d1ebf478aecd3fa44bd16ce2758912c8 The turbocharged bike uses just the LC1 wired into the Microsquirt ECM. I can grab (datalog) the AFR (air fuel ratio) through the same laptop used to program the Microsquirt through either the Microsquirt ECM or the LC1 itself. Cost was $200.00
The supercharged bike also uses a LC1 wideband with the addition of a digital AFR gauge. It is wired into the Microsquirt as well. The LC1 has extra wiring for the addition of a gauge....just got to do a bit of programming. Again, I can grab the AFR through the Microsquirt or directly to the LC1 using a laptop. Cost was $250.00
I really like having an external AFR gauge. I wish I had one on the turbocharged bike..... it's only got three gauges...oil pressure, fuel pressure, and boost pressure....no speedo or crank spin!!! But officer...it,it,it came that way!!!...lol
I seriously believe any heated O2 sensor and gauge would be a good tool even in a carbureted and natural aspirated application (far more accurate than "plug chops")....just got to make sure the charging system is up to snuff. I think they use 3 - 5 amp?
Remember too, if your engine is running rich, lean and hot, burning oil, or lots of cold quick starts... the life of the sensor is greatly diminished. I have replaced the turbocharged bike sensor once allready...three years on first one....not real bad I guess...but I was hoping they would last as long as some sensors have in a car or truck. My early failure could very well be of my making during the engines initial tuning and learning?
One more thing..an exhaust leak or a rich or lean engine missfire will not allow the sensor to give any accuracy....so if you got a popping, backfiring, missing engine, loose exhaust, etc....an O2 sensor ain't-a gonna help.