Replacing the balancer and sensor didn't really solve the original problem: Why did the balancer/reluctor contact the sensor.
The only way I can see the balancer/reluctor coming into contact with the crank sensor is if there is too much crankshaft end play.
Drain your engine oil into something clean and look for metal particles/flakes in the oil (crank thrust bearing material).
Or, gently pry the balancer away, and/or toward the engine, there should only be a tiny bit of play, say .010 at the most, remove all acc. belts first.
Also note: when I had to replace the balancer on my 2000 GTP, I got a new one from RA, it was made in INDIA, (closeout/wholesale, only 30 day warranty) and after installation
I had belts squealing and chirping, took me a month to notice that the belt grooves in the new balancer were off an 1/8 of an inch.
So I got another new one from O'rielly's (made in Australia) it worked fine, no more belt sequel/chirps.
