I have no practical experience with O2 sensors but I have read some of the theory related to them. For each bank, the only thing between the first and second sensor is the catalytic converter. Therefore, the second sensor should track the first sensor except for a time delay and an amplitude scalar. Your posted graph shows a regular cycling of lambda for bank 1 with sensor 2 tracking sensor 1. The graph for bank 2 shows an irregular cycling for sensor 1 and no tracking for sensor 2.
Concentrate first on fixing sensor 2 since it is obviously faulty. Since it and the catalytic converter have been replaced I would suspect either electrical connections or contamination. Silicone will rapidly destroy an O2 sensor. Have you sprayed any into the intake system or lubricated the sensor threads with it? Have you checked the heater voltage to the sensor? How long had the engine been running for the posted chart? Was it long enough for the sensors to be heated by the exhaust even if the heaters weren't working?
Once you get sensor 2 to show some cycling you'll be able to better tell if there is a problem with sensor 1 or the PCM richness control. If sensor 2 tracks sensor 1 and the cycling is still irregular then your problem is not sensor 1.