The front o2 sensor is for regulation and the rear o2 sensor is for monitoring. OBD2 vehicles are required to monitor cat efficiency.

So, the lean condition is being detected by the front o2 sensor.

Unless you are dropping codes related to cat efficiency (P0420) then it is my opinion that replacing the rear o2 sensor is not worthwhile.

Both o2 sensors on the 3.4 are in "bank 1." Sensor 1 is in front, Sensor 2 is in the rear.