ABS Warning Light - RESOLVED !!!
Glad to say that the problem seems finally resolved !!!
Looks like it was the ABS Controller module, but I have only driven a couple miles since replacing the unit. Ran into a lot of issues in making the swap so let me give a few details should someone else encounter this ABS failure problem or a "Bouncy" speedometer.
First, the ABS module failure seems to be fairly common problem on these cars. I had a good conversation with the owner of the "Boneyard" where I purchased a Module (and both rear wheel sensors) and he said he had sold a lot of these units over the years. Ford does not carry these parts anymore nor do they offer an exchange or repair program. Additionally, No one in the after market makes the wheel speed sensors anymore. These parts are getting really scarce, so I would advise all MARK owners to BUY A SPARE NOW !
A few tips on ABS module replacement ....
Make sure you have a good E5 External torx socket. (most standard sets only go down to E6 as was my case, so I had to scramble to find one) There are 4 small screws with Torx E5 heads that hold the unit in place on the ABS valve body. These were very rusty and corrosion was evident the entire length of screw shaft. Two of the screws were very difficult to remove as the threads into the valve body had corroded. To be able to get at the screws unobstructed, I removed the electric SMOG pump that is mounted in front of the ABS module. This allows you give each screw a few solid raps with a hammer to loosen their "set" and to hammer the E5 Torx socket firmly onto the screw head. Work the screw very carefully as they look like they could break easily. I didn't use any penetrating oil, but that might be something to try if you encounter strong resistance. When I installed the replacement ABS module I cleaned the valve body with a silicone spray dampened cloth and gave the Module inards a spray as well. I coated the screw shafts and the module's screw sleeves with "Never Seize" compound. Once the unit was bolted in place I coated the screw heads with a good gob of RTV silicone to hopefully prevent future rust.
Once installed, I connected the Actron Brake Analyzer and reset the the C1235 and C1236 failure codes and test drove the car down the driveway. I still had a small amount of ABS Chatter (Nothing close to the original problem) and I thought to myself "DAMN, the problem is still here !" Then I noticed a really bouncy speedometer. I activated the Actron Brake analyzer, but it showed no failure codes this time. This new problem turned out to be that the right rear wheel sensor connector was not fully seated into its recepticle in the trunk (I did try both replacement sensors that I got from the boneyard just to verify that they are good)
So this is hopefully the end of the Saga !!! If anything changes I'll let you know.
I wince to think about what to do if a front wheel sensor fails. Boneyard units can NOT be removed without breakage and aftermarket units are NOT available. Anybody have any ideas ?
Bill