If it's a Hall type sensor then there is no point in testing the sensor for resistance, in fact you could damage the sensor trying to test it.
I would expected though on a vehicle of this age it would have inductive type sensors fitted. (No doubt somebody with more specific RR knowledge can correct me on this).
If it is inductive type sensor, (which seems to be backed up by the fact that there is a specific resistance value available), then as the wheel rotates this produces an AC waveform. The ABS ecu translates that information into a road wheel speed and compares it with the other road wheel speeds.
Now here it can get interesting, effectively the ECU is counting how many times the AC waveform is passing 0v - (ie going from +v to -v as its AC current remember). The ECU is not interested in what the voltage is, as when the car goes faster, a greater voltage is produced by the sensor (a bit like a bicycle dynamo light gets brighter the faster you cycle). This is why there is no data for voltage to/from the sensor available. These voltages will certainly exceed 12v when you are at motorway speeds.
Wammers, I agree that two strands of wire would burn out quickly when it has to light a headlamp bulb. But now your testing has located and proved a wiring loom fault.
I was trying to show and explain that just doing a resistance check on the loom wiring is not a complete test.
HTH and that I've made sense