Yes, the overboost protection works by limiting fuel. That's also why the car gets so slow when the boost "vacuum" line gunks shut... no boost to the ALDA = no extra fuel = not enough exhaust energy to spool the turbo = no boost.

-J

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1991 350SDL. 230,000 miles (new motor @ 150,000). Blown head gasket

Tesla Model 3. 205,000 miles. Been to 48 states!
Past: A fleet of VW TDIs.... including a V10,a Dieselgate Passat, and 2 ECOdiesels.
2014 Cadillac ELR
2013 Fiat 500E.