No, changing stoich will make a difference. It tells the computer what the ratio of air to fuel is at stoich (lambda=1) and your PE is a multiplier of that. Your question is somewhat confusing but if you set the stoich to 13 and kept running gasoline the narrow bands would still switch at lambda, which is ~14.7:1 for gasoline. So it would cause your fuel trims to go negative because you are telling the PCM that you are running a fuel that has a stoich of 13 but it doesn't. On the PE side it would show up as artificially low MAF or VE values that would compensate for the discrepancy. you're seeing this now because stoich is set for 14.7 and in reality with the ethanol blend its more like 14.4.
I just read in another thread (sorry, I cant remember the source but he seemed very knowledgable) that while lean=mean with gasoline, E85 is oxygenated and likes to run rich and he suggested .7 lambda for boost and .8 for NA. .7 lambda is a PE of 1.43 (1/.7) and with an ethanol blended gas at 14.4 that is 10:1 (14.4/1.43)! So it doesnt appear that you can switch to lambda tuning and keep the same PE for all fuels. But switching to lambda alleviates the confusion of the wide band reading 14.7 for stoich.