as long as your fueling is super dialed in closed loop lambda hasnt ever let me down.
Except when the ENTIRE of the rest of the ECU depends on load to make decisions. See also: the OP
Sure, it works "OK", but you'll be chasing gremlins forever. Or just ignore them and say "OMG i'm running speed density so I'm fast" when you really mean "limp mode alpha-n".