It's strange because I just hooked up all my sensors for my TBI conversion and I just got a code 43 yesterday with a similar performance issue.
From what I understand, this code could either be caused by the knock sensor failing a test where the ECM advances the timing enough to cause a knock. If the knock isn't detected in that situation, it throws the code because it thinks the knock sensor is bad or not connected.
It can also be caused by the ESC module receiving a signal from the sensor that a knock is occurring more than just intermittantly. (like for 5 minutes straight).
I've noticed when mine threw the code, that I could hear a kind of knocking somewhere under the motor. This leads me to believe the second cause might be what I'm experiencing. The noise wasn't a motor knock as far as I could tell, but it might have been somewhere in the clutch or a bracket. My theory is that the ESC module is picking up some other noise and assumes it's a knock, which then retards the timing, which causes the crappy performance.