Not off the top of my head, but here is a description;
GM VATS Pellet Inserted Chip
You can check the chip and probably the contacts.
At this point you can look for instabilities.
It might be best to identify the wires from the ignition switch and measure there.
You have the key being suspect because it's damaged and you have the contacts in the ignition switch being a possible problem and you have the possibility of dirty contacts.
Wear on the side of the key is probaby the most likely. Followed by crud on the contacts. Followed by an unstable resistor.
You could "measure it" and then bypass it. Or you could by the kit and bypass it. By measuring, you don't know the tolerences expected. Although you could imperically find that out by using a potentiometer and the binary search technique.