Not necessarily. The AFR line represents the AFR that the tuner programmed to safely get the best power out of the bike at various rpm's based on his learned understanding of the power curve as he makes multiple dyno pulls.
Ignore the red AFR line. It's the before and is terrible. The blue one dips low (goes rich) at around 3K rpm where the most torque is being made to keep the engine safe (more rich = more cool= less chance for detonation) then comes up a bit and remains fairly flat all the way up to redline but slowly dips down as rpm's increase to keep things safe as it makes more and more HP. So it is rich where it is making the most torque and HP and leans out right to where it needs to be for the rest of the power band to make the most power. Too rich is just as power robbing as too lean but a little too rich is a safe bet with forced induction.