platoribs: My old 93 ATX had a similar issue - power steering would ****/pulse through turns. I assumed this was a VAPS issue. I ended up flushing out the power steering fluid, and this helped issues. I drove the car for about 25,000 miles like it, without the situation getting worse. I just did preventative fluid flushes of the power steering every 5k miles.
Regarding the ABS: That ended up failing on my 93 about a month after the power steering issue asserted itself. Usually my ABS would freak out and activate when on the brakes at low speed. If I let off them and got back on, it was usually OK. Usually I also got an ABS light (which cleared itself from time to time) until it went on and stayed on. I had the codes pulled from the ABS computer, which indicated an overpressure on the right front caliper. At that point, I said "screw it" and just disabled the system...
I think your issues are probably unrelated.