Hey Vincent, thanks for your answer. By "other sequences" I actually meant motif XXXX, although it can easily be extended to motif YYYY. What I mean is that the process of selection itself (independently of what it selects) is going to change the nucleotide frequency. Therefore comparing the frequency of As in a position that was NOT selected to the A frequency in the background pool of sequences is going to generate spurious results. I think this is because the frequency of As at an unselected position is dependent on the current frequency of As in the overall pool of sequences (your method of conditioning on XXXXYYYY is theoretically good, but practically very very complex, as the complete dynamic of a selex experiment are very difficult to define).
I will correct this in the question text.
As for the first question, do you think the approach of comparing nucleotide frequency at one particular position with the overall nucleotide frequency in the pool is sound?