The DRLs with bright turn signals is for the HID equipped vehicles only.
If halogen low beams, DRLs are the halogen low beams.
Halogen equipped low beams are generally on 4.2(Linear) vehicles.
HIDs are equipped on 5.3(Arc), and 6.0(Aero) vehicles.
There are exceptions to this, but this is the...
It is not hard at all to change the sensor.
Take a pry tool, and pry between the dash and left speaker. Try not to use a screwdriver! You will see where to go.
Then pry that panel up while going across. You can unplug the sensor and pull that panel out completely. sensor comes out with 1/4 turn.
I had a '76 Olds Toronado, basically the same car. I only had a 455(7.5L), but it wasn't squirrelly when you romped on it. Loved locking up the parking brake and burn the front tires off!
Currently have a '02 Cadillac Seville STS with the 4.6 Northstar V8. It is also FWD and handles power...
When you do replace the cat, make sure it is OBDII compliant, or you may still have the P0420, or a host of other problems.
From experience, Caddy PCMs don't like cheap cats and will not clear codes with them installed.