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Thats every cylinder misfire!
What does this thing sound like when its running, is there a rattle noise?
Sounds to me like possibly you have jumped time on the timing chain.
Sorry, I have to be going, I realize that one of the causes listed as far as 316 goes is damaged ckp sensor, I have never seen it.
You have a misfire and a pretty bad one at that
You need a scan tool to view spark data, chances are you may have one or two cylinders that are misfiring, and it is affecting the rest of the cylinders. The other possibility is that the engine jumped time. Without viewing the pattern to see what actually is misfiring and finding out why, coil, wire or injector you are shotting in the dark.
316 means that the engine misfired at start up, you already know that much, it is not like a code specifically for a ckp sensor or circuit.
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Different tech here. I believe your misfire which was the origin has caused alot of unburnt fuel to go to the catalytic converters and they have now clogged up and are restricted. To test for clogged converter you remove the upstream O2 sensors and start the engine and see if it will rev up. If it will then your will need new converters. This is just a test, don't drive it this way. It will just check to see if opening the exhaust prior to the converters will allow the exhaust to expel unblocked.