Yes, exactly, just splice a new sensor in. I think the greater likelihood of failure is the a bad connector, not a bad sensor. Probably all the 99 sensors that have been accused of being bad have actually failed due to the connector.
That has more to do with a bad connector application rather than a bad connector. The stock connector was never designed for the life it lives in a racecar. Thise pins/sockets are designed around a few insertion cycles---a life which was used up before it ever even thought of being a racecar. The worst connectors I see are the simple splice connectors, they seem to fail more often than just about anything else.
The Deutsch connectors listed above, particularly the ones with the SOLID pins are a "real" properly designed long-life connector---with well over 50 insertion cycle life (in practice much more than that). Frankly, outside of a full-military grade type of connector they are the best out there. And for the $6 each, just can't be beat.
BTW, it's really really important to epoxy around the soldered pins and up maybe 1/4-1/2" past the solder. The reason is that the solder will make the wire brittle, and it will fatigue easily, resulting in bad electrical connections -- exactly what you were trying to avoid! The epoxy will hold the wire stationary where the solder has wicked up into the strands.
DO NOT SOLDER CRIMP PINS. This is just about the worst advice I see people give. Its a shitty workaround for a shitty connector. it causes all of the issues above, as well as some others. Epoxying those pins is second on the list. Only specially designed connectors and pins should ever be potted. Do, you have any idea how many failed epoxied/potted connectors I've seen in 20+ years of designing industrial, aviation, and military products? Yeah, me either. The epoxy can wick up into the pins (particularly those crappy stamped pins I mentioned above) and prevent the pins from making contact.
If you are worried about crimp pins pulling out, then buy better connectors, with better pins (solid pins), and a decent freaking crimper: 8-detent style if supported by your chosen connector (Deutsch supports an 8-way crimper for the solid pins).
To make it simple, buy the Deutsch connectors, use the solid pins (in many cases they are cheaper than the stamped ones), and use a good crimper. The official Deutsch 8-way crimper is $265. I saw a knock-off on amazon for $165.
I don't really care what any one person does, but I don't like bad advice being doled out based on bad facts.