It's at the back of the block. About 2" around with 3 wire connector, B+, B-, center wire is the signal. Just take the 2 small screws out that hold the cap (sensor) on. You mess with the whole thing, it's like retiming a regular distributor but you'll need the alignment tool. If it were mine, I'd spring for the $22 and just replace it while you're hunched over the engine.
Don't reset the code with your scan tool, if you do you will have to wait for the engine to cycle several drive cycles before emissions test will pass. Once you replace the sensor the light will go out on next emissions drive cycle signaling code is cleared, and you're good to go.
Bill