Replying to my own post since I did a bit of my own research....
Driving on the highway, In "Sport" mode, the LC did get into 7th gear above 75 MPH...that gear has a ratio of 0.79:1, so it was in "overdrive" -- I did not attempt to drive over 80 MPH, so I do not know if 8th gear would have ever been engaged by the automatic transmission or not. Once I switched back to "Normal" mode, it did immediately engage 8th gear, however.
None of this is that surprising, since Sport mode does favor running higher RPM, but if you're pushing higher speeds on the freeway, just be aware that it likely isn't using the highest transmission gear and thus Normal mode will achieve better MPG over Sport (with very little difference in performance at those speeds, IMO).