Hi there:This is the number 1 speed sensor which is part of the combination meter. This normally will cause issues with shifting and not performance on acceleration.
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SOURCE: need timeing specs on toyota pick up truck veic label
Click on the following free direct Link. It has the Timing: Belt and Mark Diagrams for your 1986 Toyota Pickup. Plus additional Instructional and Directional Diagrams.
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http://www.2carpros.com/car_repair_information/year/1986/make/toyota/model/pickup/1986_toyota_pickup_timing_belt_diagram_marks.htm
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