The MTX-L is not an ideal choice to be honest, you probably can get it to work but it will be difficult. 3 problems;
1, the MTX does not have a seperate ground for its analog output - it shares the main power ground which will exagerate errors caused by ground offsets and noise. 2, All of the innovate products already have a very "noisey" analog output. 3, the motec lambda input is 0-1V, the innovate output is programable but you loose a lot of resolution by programing it to 0-1v.
Personally, I would suggest you spend a little more and search for a better wideband. I have used WBo2 & AEM products with reasonable results.
If you're stuck with the innovate, for best results you should probably leave the MTX output programed for 0-5V then use a 5:1 or 10:1 voltage divider like shown at the bottom of this page:
http://www.wbo2.com/faqs/autronic.htm Using that photo for reference, the MTX yellow wire would connect to green on the voltage divider, the mtx ground would connect to the engine block and also loop off to the voltage divider GND then to pin 32 on the motec, the orange wire would go to motec pin 31.
Motorsport Electronics Ltd.