I don't know exactly how to test for ground loops, but I agree that if you saw such a change, that would indicate a problem. I'm just not sure that the interface between a wire and the salt water will provide good conduction path for of the sort of AC signal that conductivity probes use.
OTOH, if you put some sump water inside of a glass container that is in the sump with the opening above the water line and measured the conductivity in that water while it was sitting in the same place in the sump, one could try to rule out flow and other interferences that went through the water. Electrical interference through the air and/or the electric cord itself is also sometimes an issue.