I think you double posted this by accident? But I'm sure the mods will delete the other one.
1. Don't bypass the knock sensor.
2. Its easy to relocate it without too much work at all.
The stock sensor is located under the lower intake, which is more or less impossible to get to unless you take apart most of the top of the engine. Instead, you can just buy a new sensor, get the upgraded subharness from Z1motorsports, buy a somewhat long bolt from Home Depot or Lowes, and bolt the new one on to the back of the upper intake.
This article explains it in far more detail, and the one I'm telling you about is the last location he mentions:
http://www.twinturbo.net/nissan/300zx/f ... ation.html
Go buy this stuff:
OEM Nissan knock sensor (~$40)
Upgraded Z1 knock sensor harness (~$20)
(1) M8-1.25 x 100mm bolt and a few nuts/washers to act as spacers to get the right setup. If you can get like an 80 or 90mm bolt it would be easier but most stores just go from like 60mm length right to 100mm.
THEN, unplug the old knock sensor harness from the main harness and just leave it there. Bolt up the new setup like this, it takes the place of the last bolt on the upper plenum closest to the drivers side:
Good to go!