All that sensor is for is the temp guage. When I rebuilt my engine I had a similar problem on start up. I ended up having the distributor 180* out. Take Rick 91GT's advice and bring the engine to TDC (0) and point your distributor rotor to #1 on the cap. If that won't start, rotate your engine one complete revolution, then pull the distibutor and rotate it so the rotor points to #1 and try to start it again. One of those should work. You checked all the stuff like fuel pressure, etc, right?
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93 GT, CCM long block, GT40P heads, Crane 2031, 1.7 RR's, Moroso cold air, 73mm Vortech, 65mm TB, Cobra intake, 24# injectors, MSD 6AL, MAC GT40P headers, 2-1/2" BBK H-pipe (w/cats), Flowmasters, 3.55s, B&M Ripper shifter, Black Magic fan, Groundpounder LCA's, Comp subs
13.817@102.45 - 1/4
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