I would have to say that CGMS shows the biggest benefit with children, when at school you can download their blood sugars and see how they were doing when you are not around. Also, as they are growing, their insulin requirements can change dramatically, with CGMS you can spot these trends really quickly.
WRT to having an apparent bad sensor, we have found that it is rarely the sensor at fault - more often its the transmitter battery, pump battery or just plain wireless interference that gives odd readings. The pump shows sensor errors when it can't get a reliable signal from the transmitter. Stick with the same sensor, keep re-starting it, it often corrects itself, re-charge the transmitter, change the pump battery and in extreme circumstances, go outdoors where there is less electrical interference. Once the initial callibration is done, the comms between the pump and transmitter seems to get more robust. Even if you get callibration errors and bad sensor errors, they can be recovered simply by re-starting the sensor.
Do you know how to check the ISIG value of the sensor? This will give a good indication of whether the transmitter is getting a good sample of fluid. If it is lower than 5 it generally means that it is not getting a good enough sample to be reliable.
Apologies if you've heard all this before ;-)
Regards,
Rich