Our model's CKPS is apparently entirely in control of the spark plug and fuel injector timing. Though obviously not all vehicles are designed that way.
When the sensor totally failed, there was no spark or fuel to any of the 6 cylinders. New sensor got it back running ๐
As far as the timing chain, that's on the other side of the engine on this model. The timing chain is what physically keeps the crankshaft in time with the valves, totally other part of the system, but still closely related.
There are 3 (three) individual wires in that short wire harness, that had no Earthly business shorting out with each other.
It's not a single wire you see on the faulty component, it's the entire wire harness melted and all three wires shorted together.
Edit: This was fairly easy to access here, just above the starter, on a 2005 Hyundai Tucson 2.7L