intermittent failures of inductive sensors are most often wiring faults. Pull the harness connector, clean it with Caig DeOxit, and see what happens.
You won't have swarf because it's inside the engine unless you have more serious issues internally.
The sensor is captured so it can't back out or have bad bearing clearance like automotive ABS sensors.
*if* the sensor is going bad internally, which they do, the failure will show up when the sensor is hot, such as idling in traffic on a hot day then return to service as it cools. This starts slowly and becomes more frequent and at lower temperatures until complete failure.