Are you sure you're measuring ohms off the crank sensor pigtail? It sounds like you're measuring the cam position sensor instead - that should be 1200 ohms or so. Both these sensors are the same except for different wire lengths.
If your ohms scale is on the wrong range (K Ohms), 1.175 is a good reading. Try the other one, that'll be the crank sensor. You might see something like 0.68 if you're still in K Ohms. It can vary +/- 10%...so anything from about 600 to 800 ohms should be OK. BTW, resistance on the other wire pairs (2&3, 1&3) should be very high, like 100 KOhms or so.
Also be sure the sensor head is clean too - it's magnetic, tends to collect rust and oil.
You're not going to believe this, but if the computer (DME) doesn't see a good signal from the crank sensor, it'll shut off the fuel pump relay. Worse, it won't set a code.
Speaking of codes, have you retrieved them from the DME? Look up "stomp test" if you haven't pulled them yet.