[Adger Smith]

It's not valve float, but the intake valve blown off or held off the seat by intake pressure before the cylinder pressure pushes the valve shut on the compression cycle. Then normal combustion takes place. I should have been more clear on my comment about 02 readings. I've never had any 02 sensors on an engine that had this problem, so I don't know how 02's would respond. I do think they would be normal because the problem with the valve off the seat occurs during the compression event & before combustion, not during overlap. It is Ex Valve Float during overlap that will mess so much with 02 readings.
I think Ed was on somethng with the A/F ratios. I've seen the same thing with a BB blown gas engine I did quite a lot of development work on. I called it Fat when it made good/best power.
My thoughts are you might be looking at two problems. Intake spring pressure and being lean. Don't be shy to address both or others. It is human nature to look for one problem, not a couple. Good luck
One other thought: What is the timing curve look like when & after the boost comes in?