Hi,
This is an interesting one. The sensor has nothing to do with the transmission. Have you rechecked around where you were working to see if anything was left disconnected?
When you replaced the sensor, chances are you were working around the transmission. Check for disconnected connectors. Also, let me know if the speedometer is working.
One last thing. Here is a link that explains how to retrieve diagnostic trouble codes on this vehicle. You don't need a scan tool. Follow the link and let's see if anything stored.
https://www.2carpros.com/articles/ford-lincoln-mercury-obd1-1995-and-earlier-diagnostic-trouble-code-definition-and-retrieval
Let me know what you find or if you have other questions.
Take care and God Bless,
Joe
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Friday, March 12th, 2021 AT 7:36 PM