I have the same code right now on my 2000 4.8 silverado. The GM TSB says to replace both sensors and the short harness that plugs into them. It also says to build a "Dam" using rtv silicone around the rubber plug that covers the sensors. The problem is that moisture gets down in the valley and in the sensor threads and causes high resistance between the sensor and the computer. Therefore the computer is getting a low input signal from the sensor.
I decided to take it one step further and swap the 4.8 out for a 6.0. I will be putting new sensors in the 6.0.
Last edited by classic1; 07-03-2012 at 11:15 PM.
SOLD:1992 ECSB Silverado lm7 5.3 Swap, TR220 cam, Circle D 3200stall, CBM street tune, Schoenfeld LT's, LS1 efans, transgo hd-2 60e, custom CAI, Autometer gauges
Best 1/8 E.T. 8.86 @ 77.8 on 275/60/15 MT ET Streets with 1.92 60 ft.
2000 RCSB 4x4 Lq9 swap...stock except mild 4l65e....for now