I believe its just a WOT deal Matt.
As far as the dangers of no lube on decel due to fuel cut and premix... as long as you know that its occurring inside your engine you shouldnt have to much of a problem... Me personally.. i like to tap the throttle in between down shifting/engine breaking etc. I like the way my engines sound so i enjoy hearing them and i feel its easier on the engine itself to keep it on a more gradual pace than just cutting it off from WOT or "spirited driving". Its all driver preference tho. You really shouldnt have any issues with the decel/lube conflict tho, as long as your not being an idiot...