Beedub at 5 PSi I wouldn`t worry too much about an AFR gauge it`ll just make you paranoid. It`s mapped properly from the off and any noticeable change will be obvious in the running characteristics. If you were sitting at 8K rpm all day in 6th it would be more important but with the bigger injectors only having to keep up with 5 PSi, they`re running at a very low duty cycle.
A boost gauge is nice to have but if I was doing it all again I`d fit something simple out of sight with a peak recall setting on it as the only thing its good for really is checking you don`t have a boost leak. Your only actually in boost when hard, hard on the throttle above 5K rpm anyway, so any other time (ie constant throttle or off the throttle its showing 0 boost or in vaccum).
Glad your enjoying it, get some runs against a std car when you get chance. When I went to the 460HP level I gained just over 1 sec in the 0-100mph sprint, be interesting to see how the Z4 responds being lighter than my old M3 vert.