I found this sensor available from a supplier in the UK: http://www.cbsonline.co.uk/fan-switch-9785c-m14-x-15-fansw4-3530-p.asp The standard MZ sensor is marked as 95/90, which infers that it switches on at 95 degrees C and switches off at 90 degrees. The one from CBS switches on at 97 degrees and off at 85, but I can't imagine that would cause a problem (how accurately do these work anyway?). Good part is that it costs £12 (plus VAT), about a third of the MZ price.
In reply to David's questions:
a/ In theory you only have to drain the radiator to just below the sensor, in practice this would be difficult to do. When you remove the bottom hose to drain the radiator, the water gushes out and it would be hard to put the hose back on to stop the flow. Better to just drain the radiator completely.
b/ When I replaced the sensor on my Skorpion (with one from an old bike) I just coated the threads with copper grease and used a new copper washer. I had bought a box of washers from Halfords marked 'Metric Copper Washers', and there were some of the correct size. As the bike has been to the Alps and back without leaking, I would say that this works.
Norman
http://www.mzskorpion.net