No. Torch the hex "knuckle," and that will expand the threaded part of the sensor without really expanding the bung - which is what you want.
While you're out and about, get a block of "canner's paraffin." When you've got the sensor knuckle heated up to a dull red or better, touch the paraffin to the junction between the sensor and the bung. The paraffin will melt and wick into the space between the internal and external threads, and give you a little more room to loosen the sensor. Make sure you clean/burn all of the paraffin out before installing the new sensor, since it wants a ground. Also, make sure never-seez is on the sensor threads - put it on if it is not. Torque to 20 pound-feet with never-seez.
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