What causes ignition modules to go bad in 1991 delta 88

No, to the second question- sensor won't make it crank any different. Faster than normal cranking often means a broken timing belt -less friction with the valve train not moving, so engine spins faster. But you have a timing chain, right? Any engine noise when it quit at 60mph? You could watch some valve action through the oil filler cap while the engine is being cranked, to make sure the timing chain is still intact.
If all is good, check for spark and gas to the engine. If stopped while running, it could be a failed fuel pump or a problem in the ignition system- cam or crank sensor, ignition coil, ignition control module, some of the things to check if no spark.

Crankshaft Position - Camshaft Position Correlation
What does this mean? OBD Code P0016refers to
The crankshaft position sensor (CKP) and Camshaft position sensor (CMP) work in harmony to control the spark/fuel delivery and timing. They both consist of a reluctor, or tone, ring which passes over a magnetic sensor, which generates a voltage, indicating position. The crankshaft sensor is part of the primary ignition system and functions as the "trigger". It detects the position of the crankshaft relays that information on to the PCM or the ignition module (depending on the vehicle) to control spark timing. The Camshaft position sensor detects the position of the camshafts and relays the information to the PCM. The PCM uses the CMP signal to identify the beginning of the injector sequence. What ties these two shafts and their sensors together is the timing belt or chain. The cam and crank should be precisely timed together. If the PCM detects that the Crank and Cam signals are out of time by a specific number of degrees, this P0016 code will set.
Symptoms Possible sumptoms of OBD code P0016
Malfunction Indicator Lamp (MIL) illumination The engine may run but with reduced performance The engine may crank but not start The engine may exhibit a rattle near the harmonic balancer indicating the tone ring is damaged The engine may start and run, but poorly
Causes Possible causes of OBD code P0016
Timing chain stretched, or timing belt skipped a tooth due to wear Misalignment of timing belt/chain Tone ring on crankshaft slipped/broken Tone ring on camshaft slipped/broken Bad crank sensor Bad cam sensor Damaged wiring to crank/cam sensor Timing belt/chain tensioner damaged
Possible Solutions First, visually inspect the cam and crank sensors and their harnesses for damage. If you notice broken/frayed wires, repair and recheck. If you have access to a scope, check the cam and crank patterns. If a pattern is missing, suspect a bad sensor or a slipping tone ring. Remove the cam gear and the crankshaft harmonic balancer and inspect the tone rings for proper alignment and make sure they're not loose or damaged or that they haven't sheared the key that aligns them. If they are properly installed, replace the sensor. If the signal appears normal, then check the timing chain/belt for proper alignment. If it's misaligned, check for a damaged tensioner that may have allowed the chain/belt to slip a tooth or several teeth. Also check that the belt/chain isn't stretched. Repair and recheck.

With that much already invested, why give up now? How about the crank position sensor-was that replaced as well? For spark control and spark timing, the computer needs inputs from both the cam position sensor and the crank position sensor before it can know when to cut power to the coils for spark to occur.
Before proceeding any further, you should check for diagnostic trouble codes. You would need an OBD 1 type code reader or scanner for your olds. Any stored codes may help you find the problem.
You can test the ignition system by checking for spark on a spark plug wire when the engine is cranking over. Pull the plug wire off a spark plug and put in a clean spark plug into the wire. Lay the plug so the threads are touching metal on the engine somewhere. Have someone crank the engine over and watch for a spark from the spark plug. If you have a blue, snapping spark when cranking, ignition is good.
One last note: since it dies when driving, there is a possibility that you have a malfunction in the pcm-the computer.

You cannot. Could be crank sensor. most likely cause. Other is faulty coil if it only has one.... If it is real early model it could be a broken distributor gear, broken cam shaft, timing chain.
Must check on scanner to see if there is a crank signal. no magic for the module.

do you have spark if not your could be bad if you have no spark your timing chain could have jumped or is broken

The crankshaft position sensor (CKP) and Camshaft position sensor (CMP) work in harmony to control the spark/fuel delivery and timing. They both consist of a reluctor, or tone, ring which passes over a magnetic sensor, which generates a voltage, indicating position.

The crankshaft sensor is part of the primary ignition system and functions as the "trigger". It detects the position of the crankshaft relays that information on to the PCM or the ignition module (depending on the vehicle) to control spark timing. The Camshaft position sensor detects the position of the camshafts and relays the information to the PCM. The PCM uses the CMP signal to identify the beginning of the injector sequence. What ties these two shafts and their sensors together is the timing belt or chain. The cam and crank should be precisely timed together. If the PCM detects that the Crank and Cam signals are out of time by a specific number of degrees, this P0016 code will set.

Causes may include:
Timing chain stretched, or timing belt skipped a tooth due to wear
Misalignment of timing belt/chain
Tone ring on crankshaft slipped/broken
Tone ring on camshaft slipped/broken
Bad crank sensor
Bad cam sensor
Damaged wiring to crank/cam sensor
Timing belt/chain tensioner damaged

First, visually inspect the cam and crank sensors and their harnesses for damage. If you notice broken/frayed wires, repair and recheck.
If you have access to a scope, check the cam and crank patterns. If a pattern is missing, suspect a bad sensor or a slipping tone ring. Remove the cam gear and the crankshaft harmonic balancer and inspect the tone rings for proper alignment and make sure they're not loose or damaged or that they haven't sheared the key that aligns them. If they are properly installed, replace the sensor.
If the signal appears normal, then check the timing chain/belt for proper alignment. If it's misaligned, check for a damaged tensioner that may have allowed the chain/belt to slip a tooth or several teeth. Also check that the belt/chain isn't stretched. Repair and recheck..

check to see if crank sensor got damage

test and see if you have spark and fuel preasure, you may have bad feul pump, common problem is the fuel pump goes bad, but check before replacing.

Check the fuel pressure,also change the fuel filter.check the crankshaft sensor,or replace.It sounds more like the tps sensor(throttle position sensor).It is mounted in line with the throttle axle,on the throttle horn.Of course .with out being there and checking I am just guessing.But map sensor or mass air flow sensor could also cause this.Have you checked the air filter?This will cause the problem,if it is stopped up restricting air flow to engine and mass air flow.,map sensor,and vacuums needed to run the car.If I can help,let me know.

The crank sensor is behind the harmonic balancer. Not too hard to replace, the harmonic balancer is supposed to come right off but I needed a big 2-jaw puller to get it off.... accessed through the wheel well.