not sure if it would or not. since you are getting fuel, it know the motor is turning, so the sensor is doing its job, unless there is more than one sensor that tells the computer the engines position. if there is a seprate sensor in the dist that is supsed to give the ignition signal, it could be bad. break out the scope and the wiring diagram, start looking at the signals while it is cranking. see where the signal stops, then you have most likely foind your bad part.