In the single-sensor grid-following control of <i>LCL</i>-type grid-connected inverters, extended-observers, which behave as “virtual sensors,” are typically employed for active damping, disturbance rejection, current tracking, and grid synchronization. However, most of the existing observer-based single-sensor control schemes choose grid current as the system measurement and output, and the performance of other combinations is still unclear. Hence, in this article, with the help of impedance modeling and Nyquist stability criterion, a systematic comparative assessment for selecting different measurements and controlled outputs is introduced. In this comparison, the sub- and super-synchronous oscillation issues induced by grid faults, lower current reference, high phase-locked loop (PLL) bandwidth and large grid inductance, are investigated. In addition, two easily overlooked interval stability corollaries are proved, facilitating the system stability analysis. Finally, the correctness of the theoretical analysis is verified by a series of steady-state and transient experimental tests.