Before you spend money on parts, spend some time with a quality multimeter and check out the ground signal on the TPS. It is not the same ground as the engine block.
Be sure to check out the TPS sticky at the top of th forum. See
http://www.stangnet.com/mustang-forums/B25424-adjusting-your-tps-0-98v-not-necessary.html
Code 23 - Throttle sensor out of range or throttle set too high - TPS needs to be reset to below 1.2 volts at idle. Keep in mind that when you turn the idle screw to set the idle speed, you change the TPS setting.
You'll need a Digital Voltmeter (DVM) to do the job.
Wire colors & functions:
Orange/white = 5 volt VREF from the computer
Dark Green/lt green = TPS output to computer
Black/white = Signal ground from computer
Always use the Dark Green/lt green & Black/white wires to set the TPS base voltage.
Do the test with the ignition switch in the Run position without the engine running.
Use the Orange/white & Black white wires to verify the TPS has the correct 5 volts source from the computer.
When you installed the sensor make sure you place it on the peg right and then tighten it down properly. Loosen the back screw a tiny bit so the sensor can pivot and loosen the front screw enough so you can move it just a little in very small increments. I wouldn’t try to adjust it using marks. Set it at .6.v-.9 v.
1. Always adjust the TPS and Idle with the engine at operating temp. Dive it around for a bit if you can and get it nice and warm.
2. When you probe the leads of the TPS, do not use an engine ground, put the ground probe into the lead of the TPS. You should be connecting both meter probes to the TPS and not one to the TPS and the other to ground.
If setting the TPS doesn’t fix the problem, then you may have wiring problems.
With the power off, measure the resistance between the black/white wire and battery ground. You should see less than 2 ohms. Check the same black /white wire on the TPS and MAP/Baro sensor. More than 1 ohm there and the wire is probably broken in the harness between the engine and the computer. The 10 pin connectors pass the black/white wire back to the computer, and can cause problems.
See the graphic for the 10 pin connector circuit layout.
Diagram courtesy of Tmoss & Stang&2birds
See the following website for some help from Tmoss (diagram designer) & Stang&2Birds (website host) for help on 88-95 wiring
Mustang FAQ - Wiring & Engine Info Everyone should bookmark this site.
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http://www.veryuseful.com/mustang/tech/engine/images/IgnitionSwitchWiring.gif
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Complete computer, actuator & sensor wiring diagram for 88-91 Mass Air Mustangs
http://www.veryuseful.com/mustang/tech/engine/images/88-91_5.0_EEC_Wiring_Diagram.gif
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http://www.veryuseful.com/mustang/tech/engine/images/91-93_5.0_EEC_Wiring_Diagram.gif
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http://www.veryuseful.com/mustang/tech/engine/images/mustangFoxFordVacuumDiagram.jpg
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http://www.veryuseful.com/mustang/tech/engine/images/Mustang_AC_heat_vacuum_controls.gif
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http://www.veryuseful.com/mustang/tech/engine/images/TFI_5.0_comparison.gif
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http://www.veryuseful.com/mustang/tech/engine/images/MustangFuseBox.gif