Wasnt there a "fix" for optispark setups (other than just replacing the LT1)? I recall something years back that was supposed to keep those distributor problems from occurring, but maybe it wasnt as much of a fix as it was being sold as, if not being mentioned here?
There are $1000+ kits to install a more standard camshaft sensor in place of the optispark. This then drives an LS1 PCM with LS-style ignition.
There are $400 kits to decode and re-encode the optispark signals to drive an LS ignition setup.
The reason I'm scratching my head is that I already have a crankshaft position sensor, fully capable of driving a waste-spark system, but I haven't yet found a GM engine that had 8 cylinders, MPFI, and waste spark ignition. I keep coming up with rear-mounted distributors (which don't fit on my engine without significant work) and COP setups that need camshaft sensors (and may not directly drive my MPFI setup).
It seems like this is the only front-mounted camshaft sensor that GM ever paired with a distributor-based ignition system on an 8-cylinder engine.

Adapting an LS camshaft sensor to my camshaft seems like the most reliable option. But by the time I get an LS PCM set up I may as well just swap in the entire LS engine.
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Not sure whether I somehow missed that, or if the problem has more recently developed. But a failing water pump is not a great idea. And if I hafta change that, installing a new distributor is easy.

). I reset the code and it came back half a mile later paired with P0300 (Random/Multiple cylinder misfire). I reset it again and P0307 came back again shortly thereafter.