From your information, if it was my car I would probably replace the oxygen sensor if it was not very expensive. Also consider cleaning the EGR system and passageways. The OBD1 systems were not as precise as the 96 and up OBD2 systems. If you feel comfortable doing the work yourself, then clean the EGR passagways and the valve first before throwing money and parts at the problem. If it was my car I would probably do both.
Always price out the original equipment parts versus the aftermarket. if the price difference is not too excessive I would always use OE. You bought a Honda not some cheap imitation from god only knows where. Many will disagree with me on this but when you have to deal with comebacks due to cheap parts it can get expensive very quickly and the first thing you loose is your income and your customers.
regards
Mech
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