Ok, Here's what happened... The sensor tested fine so I went to the wiring harness next, I found that the bracket the factory uses to lift the engine into the vehicle upon assembly had rubbed through the "protective sleeve" ( not much protection)and ever so slightly wore away the coating on the wht/prpl wire. The section worn was so small I needed an ohm meter to verify that I was seeing wire.
After resetting the code, I've yet to experience the CEL . The symptom which I experienced was as if someone had turned the ignition key on, and then off very quickly so as to make the car fall forward and then take off again. I hope that this will assist anyone who runs into this problem, as the shop that had the car just before I purchased it from the former owner found NO problems and suggested that he just reset the light when necessary. After going thru the whole Blower motor issue on my last Contour I wished someone would've posted their results and saved me countless hours of testing and retesting. These boards are absolutely essential in providing information and tips and I certainly appreciate the effort given by all! With that said... My SVT is pure joy to drive!