Q: When do I need to make or install a heat sink?
A: The Bosch LSU4.2 wide-band O2 sensor (shipped as part of the LM-1 kit) is rated to operate at an exhaust gas temperature of < 1300 degrees (F), and a sensor housing temperature of < 900 degrees (measured at the bung) for maximum accuracy and control. When either of these operating temperature ranges is exceeded, the sensor can no longer be accurately controlled. Further, operating at or over these temperatures for any length of time can significantly reduce the lifetime of the sensor. The LM-1 is designed to display an error message under these conditions (currently 08- Sensor Timing Error) rather than provide inaccurate readings. For some turbo vehicles, rotary engines, and other setups, this error message can be encountered with annoying frequency.
Q: How do I make a heat sink?
A: Take a 4-5” square piece of copper (optimal) or aluminum, and punch/drill a hole just big enough to fit over the threads of the O2 sensor. Bend it so that there are two “wings on either side of the sensor. Mount the heat fin between the sensor and the sensor washer. Here's a link to a company that sells custom sized sheets of copper cost effectively. We recommend 0.0647" thickness 4" x 4". (Or you can buy the Innovate HBX-1).
there is some more stuff bout heat sinks off innovative website.