Thanks for the response, but not what I was describing. Wish I had photos...
When I pull my rear axle shaft, and then remove the rear axle bearing seal, and use a bearing puller to pull the bearing from inside the axle housing... out comes a cylindrical non-metallic piece with a retainer ring and a plastic "spacer." Yeah, go figure. NOT A SINGLE photo or video showing this.
I found the part description:
RING. Electro - Hydraulic Control. Electronic Brake Control..
RING,WHL SPD SEN RELUCTOR(R/AXLE)(ACDelco #12479286). RING,WHL SPD SEN RELUCTOR(8.625 R/GR)(R/AXLE)(ACDelco #12479286)
Now, here is an e-bay ad with a picture...
http://www.ebay.com/itm/like/371319390264?lpid=82&chn=ps
I can not for the life of me find any descriptive words about replacing this part.
There is an electrical sensor on the OUTSIDE of the axel housing right about where this part would 'ride' inside the axle housing. The three videos on youtube that show axle bearing replacement never mention this to the extent that one would know how it installs PROPERLY...
Stopped dead in the water. Perhaps my local Chevy dealer could share some knowledge...
HawkPaul