Just going to throw this out for consideration. Since you are close to see level, your Jeep operates in an extreme point, where the air has a lot of O2. Maybe the reset PCM mixture (rich at a higher more average elevation) matches well with sea level air. Also, the 14.7AFR is approximate since what really matters is the oxygen to fuel ratio. So one question would be if the PCM, with it's sensors, can adjust oxygen to fuel ratio directly or just the more approximate air to fuel ratio.