As for the knock sensor, like Swimshark said, you can install a resistor to trick the computer (I did 650k ohms, but 1M ohms will work just fine) but this should only be a temporary fix. As I am not as advantageous as shark in ripping apart my engine, I did the knock sensor relocation and it made a world of difference. A $7 generic knock sensor from Ebay, a $.75 bolt from Ace, some speaker connectors and wire I had lying around, and 15 minutes of my time resulted in this:
I got my power, gas mileage and peace of mind back after doing this little mod and it was worth every cent!