This works fine with native MS2-extra (and soon to test MS1-extra) wheel decoding and a modified stock distributor for sync.
No external trigger wheel required.
6/1 wheel setup, sequential CNP, currently MS2-extra sequential w/HD Twincam Delphi coil packs.
//edit--- LS2 coil packs now, much better
Read on for the build/install thread...
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Idea started in this interesting thread---
http://www.shoptalkforums.com/viewtopic ... 3&t=131694
This is all Klattins fault. Really

The goal of this project is to see if I can get sequential CNP or COP running using the trigger wheel that is already present.

Also, the hall sensor or VR sensor + wiring is entirely out of harms way, in the engine compartment and FAR away from fan belts and exhaust systems, and is easily installed and adjusted.
The following SHOULD work on any T4 with MS1 or 2, stock cooling or upright converted, and would very likely work on a T1 if you drilled a hole in the case trans flange in the right place.
This came up as I was looking for a satisfactory trigger wheel/sensor setup for a stock T4 cooling setup.
All T4 flywheels have 6 holes that happen to line up with the AT flexplate bolt removal hole on the #3 side.
(T1 flywheels have them too, I guarantee it, but no hole in the trans flange there, but that could be easily cured...)
Tangos picture came out better than mine---

Megasquirt has a very powerful set of trigger wheel code that can decode a wide range of trigger wheels... Including 6 evenly spaced "teeth" and a cam sync trigger from a modified distributor. (for TDC#1) and allow for COP/sequential.
No, this cannot run EDIS, but this is not a problem these days, and I want spark cut rev limiting to work anyway.
The hole location radius vary depending on size of the flywheel (210/215/228) but all would be in range of a VR or hall sensor installed in a rotatable plug fit in the flexplate access hole. Easily secured w/setscrew or a number of other ways.
The holes are simply the backsides of the PP retaining bolt holes, and are relieved to ~12mm dia as an oil.crud outlet for the clutch face, at least on every FW I have.
So basically T4s effectively have a crank trigger wheel, with 6 evenly spaced "teeth"(holes), and an easy/safe engine compartment/topside mount location pioneered by Wally et al, (using a modified flywheel)--- But without the expense or hassle of machining anything other than the hall sensor/VR sensor mount.
I was concerned the PP holes may not be referenced to TDC in any consistent way (different FW would have different positions) , but It turns out that at least the OEM flywheels I have appear VERY consistent.
The set of flywheels I have stashed (3x210s, 2x228s, 2x215-914) have ~identical indexing of the crank index pin to the pressure plate bolt holes--- The 210mm & 228s are all the same, with about a 10 degree offset, and the 914 FWs have a ~zero offset, but are identical.
(add pictures here)
This will be "it" until my parts show up (MS harness and other bits I need to complete this)
I still need to find my Hall sensor or track down another VR sensor.
I'll turn a plug tomorrow.
Will be adding some pics as time permits.