55,
For what it's worth, I believe it's written on the bottle that it's oxygen sensor safe. I ran 1/2-2/3 a bottle in the gas and the rest through the vacuum line, but not so much so that it caused it to stall. I didn't get any of the smoke clouds people seem to mention around here. I may try it again with the stall effect.
Note - if doing the vacuum line through intake method, you may find yourself having to clear codes on your car's diagnostic system. With my volvo, I had to after using a purge line, though I can't remember if I disconnectted the solenoid or not. If you can clear the codes, easy enough.
For kicks, I put a drop or two on a chunk of carbon that come from an old intake valve left from a rebuild, and it seemed to discolor the solution, and later caused a spongy feeling when I was probing it with a metal wire.
I too replaced one of two O2 sensors, this one before the cat. OE from AutoZone for $140 and change, so I'm more cautious as for what get's done with the engine and with what, especially sealents (there's a clue).
Have fun tinkering