175 should be a CM code, not a KOEO code (read/review my notes on pulling EEC-IV codes to review the difference between KOEO and CM codes).
Can I assume it passed KOEO? Did you run the KOER test?
To understand the basic translation, you might review the "primer on electronic engine controls" thread. I believe that thread has a basic description of how the PCM controls fuel mixture, and how the O2 sensor is the "point man" of a feedback loop that helps control fuel mixture. Basically what this code means, is that the feedback loop is demanding more/less fuel than the PCM's programming will allow. O2 sensor codes are sometimes among the most difficult to diagnose, and this one can be particularly troublesome because, without another code or other information, we don't even know if the computer is seeing a lean or rich condition. Left/Front refers to the driver's side O2 sensor.
Among the steps I might take:
Run KOER test, if you haven't already.
Check fuel pressure.
Pull a spark plug to see if the plug's condition indicates a rich or lean condition.
Does exhaust stream indicate rich or lean?
Put a voltmeter on the O2 sensor signal circuit to see what it is seeing (if you have access to a good scanner, you should be able to look at this with the scanner).