quick answer and insight appreciated.
When the AIR pump turns on, the pcm monitors the Bank 2, Sensor 1 O2.
Conditions for setting the DTC:
If the O2 voltage does not go below 222mV for 0.9 seconds when the AIR pump turns on.
OR
The short term fuel trim doesn't change more than a predetermined value when the AIR pump turns on.
The pcm illuminates the MIL indicator on the second ignition cycle that the diagnostic runs and fails.
I don't see how it could be causing any damage to anything, judgement call on your part.

