SES light, p0430 code
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If the rear O2S was bad then its response time would be large, so the catalyst monitor test would pass... (no P0420/P0430).
For a bad rear O2S, the test that would fail is the rear O2 insufficient activity test (P0140/P0160).
and joecar is correct, the nuts and studs on the manifold side were rusted as heck. Also, I made the mistake of not putting Liquid Wrench on one of the nuts and just trying to brute force it off. Broke the stud and had to drill it out! @ the OP, if you are going to do this yourself, save yourself a lot of time and Liquid Wrench those nuts before you try to muscle them off! Yes, it should be OK to drive it like that as long as it isn't bogging down or exhibiting any of the other symptoms of a clogged converter.
The O2 sims are not that reliable. Most people will tell you it's better to have the test eliminated while having a performance tune done. Either way you go, if you leave the rear O2s in place everything will "Look" legal.






