see diagram:
yo can see the + supply isnt the same as the ecu, so even if the ecu has a nice 11.8, if youve hooked up the coils to acc, theyll switch off while you crank. so all the sensors will still function cos' they get +5v off the ecu, theyll send a - trigger to the coils and injectors, but if the + isnt there, then nothing will happen.
without hooking it up to hp_tuners to check sensor operation, im totally stumped.
160rpm while cranking is about right, so your home and trigger sensors are both workiing and reporting and the starter is turning it fast enough to fire.
voltage at the ecu is 11.8V so the ecu has plenty of power to drive all the +5v triggers
60psi at the rail is PLENTY
it MUST be a voltage issue.
unless the PCM just isnt setup for something on your engine. whether the input parameters for "crank low res" is wrong, or VATS is somehow fragging it. but if the ecu came with the engine, then the odds of that are very very low.