As others have stated, the original King Seely sender doesn't act as a variable resistor. Current senders on the market are variable resistors, and the original gas gauge will respond to them as well.
I did some experiments with the gas gauge in my truck, and with a new replacement (resistance style) sender from Bob Drake. The results are summarized in this table.
The first column is the gauge reading: 0 is empty, 100 is full.
The second column says what resistance is needed to make the stock gauge read the value in the first column.
The third column is the resistance of the Bob Drake sender for the fuel level in the first column.
For example, a resistance of 59 ohms will make the gauge read 1/4 full. A 1/4 full tank results in the Bob Drake sender having a resistance of 36.7 ohms.
As many of us have found, the modern resistor senders tend to show full for a long time and then drop like a stone to empty. The chart shows why.
An improvement would be to add an 8.2 or 10 ohm resistor in series with the gas sender lead. With that change a full tank will show a little less than full but it will be more accurate between half and empty.