Attempt at test running a Magnum

You have to remember the sensors are just inputting data to the PCM. If the sensor is reading within its programmed limits the PCM just thinks the reading is accurate and makes the necessary adjustments. Codes set when readings are out of range, not varying like they should, or not as expected based on other inputs. When @jos51700 temp was reading 17 degrees, that is perfectly normal. Heck, it's five degrees here in Michigan right now. So that is in an acceptable range even though it was way too low and caused a rich condition.
Agreed, and precisely why later control modules use redundant sensors, current draw to o2 heaters, etc, to verify sensor data.

If I'm not mistaken, the intake air temp sensor on the magnum was supposed to be the redundant sensor, but who knows what the variance set as 'tolerable' was. And on my '93, maybe they hadn't got that far yet.