That's not a sensor, it's the idle speed control valve. It's a stepper motor driven valve that opens and closes under ecu control to bypass air around the throttle plates. Disconnecting it's coolant lines won't do squat to solve your problem.
Short story: The ecu has different target idle speeds programmed into it. It looks at the rpm signal (NE) coming from the CPS and compares rpm to whatever target speed is needed at the time. If the error is greater than 20 the ecu tells the ISCV to open or close to bring the idle back to target. This action only can occur if the IDL contact in the TPS is closed (throttle closed) and the vehicle speed sensor in the combo meter shows the vehicle to be moving at less than 2 mph.
The target speeds vary based on coolant temp, oil pressure, headlight operation, electrical load, A/C operation, a bunch of things. How these target speed values correlate with the ISCV's position are always being learned, much the same way your fuel trim is learned. Pulling your EFI fuse also resets these values, same as it does with your fuel trim.
It's more complicated than that but that's the short story. What do you mean when you say it idles OK cold but not warm? I doubt your problem is connected to the ISC system but there are ways to check it. Again, do you have a manual?