H'mmmmm, you'll need more than that to Megasquirt it effectively - what about a potentiometer on the throttlebody? You can pick one of those up off a 2E, but you'll have to check to see if it fits up to the PB manifold.
You also could *really* do with a triggerwheel, although I think Danny is planning on using the Hall sender on my 8V crossflow. If you want a proper triggwheel Omex can supply them and then you'll need it fitted up to the crank pulley and get a bracket to hold the sensor.
For a proper system you really need a wideband lambda and control box - completing the feedback loop on fueling.
I'll tell you what it's like when Danny's got mine sorted
