There is no switch on the tranny. It's a sensor that "reads" the revolutions of a toothed ring on the output shaft of the transfercase.
If your speedo reads correctly, then I don't see how the VSS itself can be an issue...electronic speedometer and the ECM use the same sensor to determine vehicle speed.
However, the DRAC could be a culprit, which is what interprets the signal from the VSS before it gets to the speedo and ECM...it "divides" the signal at that point, so there could be an issue with the DRAC. In any case, I've never dealt with the RW ABS setup, so I'm not sure how the ABS interacts with the VSS/DRAC/ECM, or what relationship, if any, they all have.
I would expect ABS to be tied into the VSS and DRAC, but I'm not certain. At least one person on this board has a 90-91 wiring schmatic online, that might help figure it out.
Since the "problem" seems isolated in the ABS system, and I misread your post, (thus the longwinded stuff above lol) unplugging the system at the MC more than likely will solve the issue.
IIRC, the ABS uses a seperate computer to control it, I'm curious to know if that is another thing that the DRAC is tied into, or if the ABS is entirely standalone.