Many people think that the leaner you go, the higher the EGT gets. This is also incorrect. Peak EGT occurs at stoichiometry- about 15 to 1 for our purposes. If you go richer than 15 to 1, EGT will drop and if you go leaner than 15 to 1 EGT will ALSO drop. It is VERY important to know which side of peak EGT you are on before making adjustments.
that is interesting, where before and after 15:1 the temps will drop