Correct.
Epic dragon. If your engine is chipped or ECU remapped the reason for more performance is more fuel. If over fuelled this will cause black smoke.
Now this will also cause high EGT's. Running high EGT will do damage possibly melting pistons. It is easy to avoid. Get an EGT gauge with an alarm. Preset the alarm at a temp a bit below max safe level.
If the alarm goes off it is just a matter of lifting the loud pedal a bit and your EGT will instantly lower, before any damage is done.

