Re: What is this part/sensor?
Actually kwoolard's right, it's definitely a knock sensor (T-d into the drain plug). Either I was drunk when disconnecting it or the mechanic that replaced the starter last time never hooked it back up.... funny how sometimes things are right in front of your eyes and u don't see 'em: checked it out a bit ago & in the lower right corner of the pic, that's the starter harness, and that black plug is the wire that hooks into the sensor....
Finally found it in the manual, but can't find the volvo penta part#, from the looks of the corrosion on it I'd assume it's not anything marine-specific & a standard GM replacment would do if I decide to replace?