Well.... I am now much less confident that it is the ECM. As iang6766 indicated, there is that third sensor above the fuse block kinda behind the ECM. First thing I did was remove that sensor and stick a screwdriver in the hole to dig around a bit. It was pretty muddy in there, so I thought it possible that it was a partially plugged pocket, maybe causing a local overheating right at the sensor. I then poured about 2 cups of Rydlyme into the opening and let it sit for half hour. Then I re-connected the sensor to the harness, letting it dangle, and, leaving the sensor hole open, cranked the motor on the hose. So: it ran fine for 10 minutes, until I shut it down. Once the motor was running, water blasted out of the hole at close to what an open garden does. A ton of scale and corrosion debris came out, and the stream was warm to the touch. I then restricted the until it was a stream about the volume of the tell tale, and the temp quickly become too hot to touch.
I then re-installed the sensor and checked voltage with the key on, which was 1.80 VDC. Then I started the motor and watched the voltage drop to 0.98, about 3 min in, at which point the alarm sounded, and then shut down. And I had used the replaced sensor from the block, which was good.
So the next question is: is the starting 1.8 volts right? The other two sensors had 2.72 volts cold with the key on when I checked the other day. Are all three sensors on the same circuit (easy enough to check that ) ? Could the ECM output voltage for the exhaust sensor be to low to start with, indicating a bad ECM? Tomorrow when everything has cooled and stabilized I will check all three sensor voltages at cold, key on, and see what I have.
If it is a blocked water passageway, I am not sure how to address that except more flushing with Rydlyme or maybe something more aggressive. Water certainly gets to that sensor location great, but possibly the escape route is blocked.
More tomorrow...