If your tune is so close to the edge you rely on tuning aids to prevent catastrophic failure, you will soon blow your motor. Backing up traffic after slicking the road with oil on 270 is a much more grievous crime than watching a laptop.
While most of my tuning is at the track, I do often graph results of runs on the street without much fuss. My tune isn't on the ragged edge and my knock limits are well within the ECM's ability to control, so eyeballing a gauge is not needed. I would be concerned about a street driven build and tune, if constant attention to gauges was required to prevent damage. Data logging for later adjustments is helpful however.
Tuning is about starting conservative and tuning in best power vs. knock/egt's/ Air Fuel ratio etc.. Starting out aggressive, where you would need to depend on a 02 to prevent failure is a problem in my opinion. Tuning aids are tools to get the most from your combo; they are absolutely not intended as an alarm for impending failure, at least for most. By the time your "lean measuring" O2 (14.7/1)registers a lean condition, it is likely too late for our SyTy's poor excuse for pistons.
Had you said you use the Autometer 02 sensor for part throttle tuning and gas mileage tweaking, I'd have to agree it could be useful.