The modulus that you are looking at may be for solid phase.
The velocity data I located was specifically for liquid sulfur at 115 Deg C. The actual data was listed as 0.35 cm/microsecond.
There was no data for more common liquid sulfur temperatures. It is about mid-way between that of liquid iron and liquid sodium. your figure (2078 m/s) seems abit low.
The viscosity does not affect the speed of the pressure wave but it acts to dissipate the energy and smooth out the rate of pressure rise as the wave travels down the pipe. This limits the hammer effect.
The modulus of the pipe also limits the pressure rise as you've stated, but does so elastically. This elastic response returns the energy stored in deformation, to the pressure wave rather than dissapating it.
Have not observed any evidence of waterhammer in liquid sulfur, though we were concerned about it. That said, you application has so much momentum involved, that it cannot be ignored.
I'll keep you posted if more definitive sulfur props are located.