Consider an option eliminating the second missing tooth, this would provide a 72-1 wheel at cam speed, which Redline, MS3 and likely other systems support.
(MS2E if it was only a 4 banger)

It allows fully sequential operation (spark and fuel) using one sensor.
On systems with little play or oddball loads in the distributor drive the timing is rock steady.

(Not where the oil pump is also in the mix, but with enough teeth even that is likely to cause only a tiny variance)