I did this on my '94...worked well when it worked. I left the sensor in as the "plug" and I'm glad that I did. Long story short, after about 800 miles (a few months), my truck started running like crap intermittently...unfortunately I was 400 miles from home at Relic Run when it started. Tried to diagnose, but with both rich and lean codes from OBD1, not much to go off of. I did get it home, but it was a loooong ride home and had a buddy shadow me for the first 300 miles...last 100 it was basically misfiring the whole way. After a a few weeks of diagnostics, I finally went to basically just yanking on wire harnesses...every one that I could find while it was running....turns out that it was the bypass diode thingy in the plug that failed. Removed the kit and it ran like a champ again.
All of that said, I'm thinking of getting another one and putting it back in...I hate those hot EGR gasses burning up the rear 5-6 cylinder head gasket area.