get a wideband o2 sensor to hook the guage up to. a factory o2 sensor reads a very narrow range around stoich. it's not accurate enough. still, if it really is lean, you would need to find out what mods he's done to the engine. mainly if it's got stock injectors still. than you'll have to dyno or street tune it by chipping your ecu. the cheaper alternative would be restoring any aftermarket parts w/ oem, if you didnt want to retune it. g'luck!
moates.net has a good selection of tuning products
research crome, uberdata, and hondata to see what's right for you, if you so decide.