With those settings, it is using O2 correction to adjust the fuel in closed loop, and the AMC feature updates the VE table in flash.
Mostly because of the programmers have a preference for model based programming. Right now there isn't much that relies on the number being an actual VE, but some new code features being tested are going to use true volumetric efficiency for a couple of acceleration enrichment functions. A normal pulse width table is only the real pulse width at a single temperature anyway.
It is possible to make a few changes to the code to use a pulsewidth table, but so far we haven't seen either anyone attempt to make this mod to the firmware or come anywhere close to convincing the programmers there is any advantage to a pulse width table.