You should not get a reading on the 200 ohm scale, because the thermistor should read higher than 200 ohms.
No reading on the 2000 ohm scale typically means that the thermistor is open (OL overload, or out-of-range), which is bad.
2.33 reading on the 20,000 (or 20K) scale means 2.33K ohms, is out-of-spec.
Double check this reading by reviewing the reading immediately after touching the probes to the case and yellow wire pin.
Oxidation on the pin or case ground may affect the reading.
However, the fact that the lower scale shows no reading, typically indicates the thermistor is bad.
I've only seen the thermistors fail open (no reading on any scale), not with slightly higher resistance.
The way this thermistor works is, in open air, it heats up and the resistance drops to a few ohms, thus grounding the low-fuel relay
coil and triggering the light ON.
When the thermistor is covered in fuel, the heat is dissipated and the resistance stays high, keeping the low-fuel relay (and light) turned OFF.
2.33K ohms, which is effectively in series with the relay, is too high to trigger the relay.
In the mid '80s, I was able to obtain a quantity of the correct thermistors from the
OEM manufacturer.
After using them to repair my cars and selling the rest, I discovered that the
OEM no longer manufactured them. :-(
These new units lasted about 30 years before failing. It is a flawed design because the thermistor gets too hot and eventually burns out.
Always keep your tank at least 1/4 full, and they don't fail!
Several companies sell an aftermarket replacement thermistor for the 1965-66 Thunderbirds, that measures about 1K ohms.
These thermistors do not work in the Cougars or my test bench setup with the factory relay/wiring.