The CTIS controller provides the overspeed light voltage directly to the panel light, so if the light is on it is the CTIS controller causing it.
Is your speedometer working/accurate? Does the CTIS inflate to the proper pressure? If so then it is obviously capable of measuring the proper pressure. Does the overspeed light illuminate for an OS condition? Set mode to XCountry and drive at 40MPH. Light should illuminate, if you maintain this speed for 1 minute CTIS should re-inflate the tires...
The speedometer appears to be working ,as I checked it with GPS, because try as a may, I cannot get this truck to run over 50 on a flat road, with no load. I have only had the controller set on hwy at any time. The hwy light will blink for a bit until air tanks are good, then it goes to a solid red light on the hwy button. I had never seen the dash indicator until the other day. And it was still set on hwy, with solid red light. I did not have a pressure gauge at that moment to check them, but none showed low visually, all up and looking normal. I will try the OS mode later today after work and see if it lights up for that.
Suprman: I had thought about changing out all the sensors on the trans anyways, I did have to replace the tps to get it mobile. I may go ahead and do the others now too. I was relating the issues(ctis light and darting fuel gauge ) to a ground issue, as they both started at the same time. However, I have also had an intermittent "stop, temp" light come and go as well. I used laser thermometer on that and ruled it out as engine and trans temps were good. I had hoped there was a cab ground that could be causing dash issues and not an entire harness problem.