Thanks for the details re testing, Inge. I'll do so when I get the bike down to my buddy's shop next week (I just now tried the tapping bit, but no go. Oh well, worth a try).
Re 'terms', yes, I believe on other posts, members sometimes may say 'switch' for both the Coolant Temperature Sensor as well as the Temperature Sensing Switch Unit. Anyway, I just got my hands on a Haynes which says the radiator must be removed and drained to swap out the threaded Coolant Temp Sensor but I have a feeling you may be correct for a K75S if I wriggle the wrenches down there just right- I suppose I'll find out next week if I need to change it.
As for a hidden switch, as mentioned, this bike was only tended to by dealerships, so I doubt they rigged a switch... then again, this was the same dealership that way-back-when put the fork oil amount for an early K75 (I measured it as I drained it) into this same '93 bike's Showa forks causing crazy dive under braking.
Oh, just rec'd rbm's comments. Thanks for the details! So, being as they're both suspect, I will try to swap (or open/inspect/solder) the temp sensing switch unit first since that's easier. Then if needed, replace the threaded temp sensor. I guess you're saying the temp sensor has one terminal feeding the idiot light (when it reaches whatever predetermined temp) and the other feeding its signal to power the fan (at, hopefully, a slightly lower temp). Just to add confusion, I just checked my dash lights with the key turned to 'on' and my temp warning light, um, doesn't. The battery and oil etc do light up. Normal? Or, more confusion, bulb failure?