Not exactly what you described but see if this helps:
Audible Spark Knock (Detonation), MIL Illuminated, DTC P0332 Set (Replace
Rear Bank Knock Sensor and RTV Area Around Sensor) #02-06-04-023A -
(06/14/2002)
Audible Spark Knock (Detonation), MIL Illuminated, DTC P0332 Set (Replace
Rear Bank Knock Sensor and RTV Area Around Sensor)1998-2002 Chevrolet Camaro,
Corvette
1998-2002 Pontiac Firebird
with 5.7L Engine (VIN G -- RPO LS1)
1999-2002 Chevrolet Silverado, Suburban, Tahoe
2002 Chevrolet Avalance
1999-2002 GMC Sierra, Yukon, Yukon XL
2002 Cadillac Escalade, Escalade EXT
with 4.8L, 5.3L or 6.0L Engine (VINs V, T, Z, N, U -- RPOs LR4, LM7, L59,
LQ9, LQ4)
This bulletin is being revised to add Cadillac Escalade and Cadillac Escalade
EXT to the Models. Please discard Corporate Bulletin Number 02-06-04-023
(Section 6 -- Engine/Propulsion System).
ConditionSome customers may comment on a mild to severe engine ping (commonly
referred to as spark knock), usually worse during acceleration and/or an
illuminated MIL. Upon investigation, the technician may find DTC P0332 set.
CauseThis condition may be the result of corrosion of the rear bank knock
sensor due to water intrusion into the sensor cavity. This condition is more
apparent on vehicles in which customers frequently wash the engine
compartment.
CorrectionReplace the rear bank knock sensor and build a dam (wall) around
the sensor using RTV to divert water away from the sensor. Use the procedure
and part number listed below.
Remove the intake manifold. Refer to the Intake Manifold Replacement
procedure in the Engine Controls sub-section of the appropriate Service
Manual.
Remove the wiring harness assembly from the knock sensor.
Remove the rear bank knock sensor.
Install the new rear bank knock sensor. TightenTighten the knock sensor to
20 N·m(15 lb ft).
Install the wiring harness assembly to the knock sensor.
Apply a bead of RTV silicone sealant approximately 9 mm (3/8 in) wide and
6 mm (1/4 in) high along the outside edge of the ridge on the engine block
valley cover around the rear bank knock sensor. DO NOT form a complete
circle. Leave the rear section open as shown.
From the underside of the intake manifold, completely remove the rear intake
manifold seal (foam material).
Install the intake manifold. Refer to the Intake Manifold Replacement
procedure in the Engine Controls sub-section of the appropriate Service
Manual. Parts InformationPart Number
Description
Qty
10456603
Sensor, Knock
1
Parts are currently available from GMSPO.
I have seen and repaired a few of these. Another thing to do is get on
http://calid.gm.com and see if there is a flash update available to rectify the problem.
Bandit!