Thanks Andrew. I've tried the "disconnecting the vehicle battery for a time" and I get 2.57 Volts at the ABS connector, so I think the circuit to the ABS ECU is OK. Reluctor ring secure, but Neil's link may be the answer.
And thanks Neil, I did indeed have many iron filings on the sensor when I removed it, and the sensor did seem quite a distance from the reluctor ring, tho' it's castellations still looked quite prominent. It looks a massive job to replace the reluctor ring, so before I resort to that, and as I seem to have two good sensors, I thought I'd try filing down the shoulder of one ABS sensor so it gets closer to the reluctor ring! What do you think? I'll also check for rust & release the hub collar if it's grinding the reluctor ring.
I'm away on hols, but will let you know how it goes mid June. Thanks again guys.