Hib, Sure would like your input on this. Here are some of the details available when seaching by ECS and 16038331 on Yahoo.
Background The '85-'89 L98 uses an Electronic Spark Control (ECS) module to listen to the Knock Sensor and report ping to the ECM (on '90-'96 Corvette motors the ECM listenes directly to the Knock Sensor). When the ECM detects knock counts it pulls timing till no knock is reported and then gradually increases timing to the current setpoint. Problem Even with base timing at +6deg and running the stock MemCal chip, my '88 L98 was plagued with false knock counts under WOT operation (seen on my AutoXray scan tool). These were causing timing to be pulled, which I felt was hurting 1/4mi performance. Solution When I discussed this issue with Gordon Kilebrew, at Corvettes at Carlisle 2001, he told me to replace my stock ECS module with the upgraded unit: GM P/N 16038331. Verification After doing this upgrade a short WOT run on the highway showed no knock counts on my AutoXray. Subsequent testing at the local drag strip showed an improvement in trap speed of about 1 mph. No other changes had been made and trap speed data was normalized for weather conditions to provide a valid comparison with prior time slip data. Equipment Safety This upgrade is safe for the motor since the ECM checks the ECS module occasionally by advancing timing till a knock count is registered; if no knock, the ECM would record a code 43. Just to be sure all was well, I advanced my base timing to about +12deg and made a WOT run on the highway; 7 knock counts had registered on my AutoXray.