No you can't use a CTS sender for the temp gauge, they have totally different resistance ranges and will not work for the gauge. If you connect a CTS to the gauge it will not read the correct temp. (not that it's that great anyway. )
Just look at 100* the gauge sender is 1365 the the cts is 1600. That is a big % difference. And like Jazz said the senders are not that expensive. It's even worse at 260. 55 compared to 75 is a difference of almost 50%. Not what you want on the hot end of the scale, that the engine is hotter than the gauge is saying.
Here is the temp range for the gauge sender.

This is for the CTS..

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[This message has been edited by Dodgerunner (edited 03-30-2009).]