An engine will idle on a wide range of air fuel ratios. It will idle fine from the factory at 14.5:1 to 14.7:1. That said, what the AFR is at idle, is no indication of what it is doing at all other throttle positions and rpm and boost levels. Your engine should warm up with a rich AFR. Since it is EFI the engine goes rich to crank and start, then lessens the fueling over time/engine rotations. Additionally it will run richer while coolant temps are low until reaching normal operating temps.
A lot of Dynojet trained tuners tune to an air fuel ratio and tune everything to 13:1 Idle to WOT at all RPM. It won't hurt anything, but that's not technically the best for every engine.
As others posted above, and I am in full agreement, an engine rebuild will have little to do with the AFR as seen from an exhaust gas sensor. The other thing to remember s that a lot of the several hundred dollar AFR meters are just hobbyist meters. They can be a a full AFR unit off from actual. One of the most popular units on the market is one of the worst.