Overly rich jetting does not lengthen the life of your motor.
It just moves you further from the lean zone. This is a help if temperatures take a sudden dip, but otherwise no.
It does risk plug fouling, and carboning up your rings and chamber. Just a little rich is no big deal.
A whole lot rich starts to be a problem.
As you know, your oil is in your fuel, right? The oil does the lubricating, not so much the fuel.
So you'd think more fuel would be better lube, right? Wrong.
You engine is counting on the fuel to evaporate to carry heat away from the bearings and cylinder wall.
Once evaporated it leaves a film of oil.
If there too much fuel, it doesn't evaporate on the hot surfaces, it just washes what ever oil film away, as solvents do.
Steve