I think you guys are correct regarding WOT.
I was thinking about "back in the day" (30-35 years ago) racing snowmobiles in northern WI and MN. If it got really cold out (-20 / -30 F) we would have to step up to the next size of main jet, or the engine would run so lean it would burn a hole in the top of the piston. Saw it several times. In that case, was certainly always running at WOT for extended periods of time.
So, how does that actually work? Let's say we are at sea level. If the temperature changes from +90 F to -30 F, isn't there still 20.9% oxygen content in the air?
Another question I am pondering in my mind. My cousin has a '95 F-250, 7.3L PS. Turbo, but no intercooler. When he is in NC or WI and the temperature is, say 35 F, he says when he pushes in the clutch to shift, the boost gauge will stay up a bit, then he shifts and accelerates, it builds much faster. In south FL during the summer, 95 F and humid, he says when he pushes in the clutch, the boost gauge instantaneously drops to zero. Then he shifts and accelerates, it takes longer to build boost back up. Is that somehow related to all this as well?