You really need to dig out the actual wiring diagram, but it probably just runs from the sensor to the ECM.
You should be able to check the function of the sensor itself with a voltmeter to check for voltage when the engine is turning over.
I think the "Z" indicates a shielded wire, either as a twisted pair or actual foil barrier around the wires.
Make sure you are testing this as a two wire type ckp and not a three wire. I'm not sure a resistance test will work on a two wire.
I doubt your tune file contains the "learned" data for the ckp. I also think you are going to find that the ECM is seeing a signal from the CKP but doesn't trust it or has lost it's "compare" values.
Most of the test I see for a 2 wire just check voltage while passing metal by the sensor, usually by cranking it. I did just find one that references a resistance test but it says to check the service manual for the correct resistance.
I could be wrong and it's a bad sensor. This is as much an art as science and guessing what the diagnostics aren't saying. I just typically start with the position that the DTC is correct in what it is saying until that doesn't fix the problem.
Next step when you get a good ckp, either the existing or new, is to relearn it. There should be relearn steps in alldata for your model but it may just say connect to scanner and relearn. I checked the list for my autel and it should relearn the 2006 Cobalt.
As far as why it needs relearning, beyond the issues of why it might have an issue with a relearn that I posted in #10, I don't know. Maybe you are getting noise on the wire because you routed it different. Maybe you bumped the sensor and its reading different. Maybe it picked up trash on the sensor or wheel. Maybe the ECM has problems. All you can do is get it going and see what happens.
I've heard HPT will do it but I may just have to work out a tie to swing by and see what your device can do. I'm just happy it's running right now as I was a little worried that GoblinFest was getting scrapped. I drove it to work today and the code is still there. I'm going to give it a few cycles to see if it learns the CPK again.We should have checked to see if it was firing at the beginning. If it was firing it was getting a crank signal. Lesson for next time.
I can bring my scanner over for the relearn or you can bring the car to me me if you need to force the relearn, if you don’t have the tech2 already. And HPT can possibly do it.