The good: It runs
The bad it is very sensitive to spacing between the gear and the sensor. To the point that temperature seems to affect it. Cool temps = signal breakdown due to things contracting. Push the sensor close and it hits the wheel when things heat up. The biggest issue there Si that I have it mounted to an aluminum cam gear cover and the coefficient of expansion of aluminum is quite high. Combine this with the tight tolerances required for this sensor to work and problems have become apparent. (backfired so bad that I exploded a cat (not the 4 legged kind)

Things I am considering.
Making the existing gear exactly round by milling it in place.
Installing a larger gear. I have thought of going to a 6" gear. This would make mounting the sensor an issue but not insurmountable.
Now what to use as a gear as I need a 72-2
A larger spur gear. Found on line. IT will need to be machined down (thinner) to reduce the weight
Other possibilities: I was looking at what are called cogs. Like those on your 10 speed bike. The good is that they are light. The bad is that they are thin. The good is that I think the local bike shop will have them
Does anyone know what the smallest size trigger wheel that a stock ford sensor has used? What is the minimum width of the trigger wheel that has been used?
I am also hoping that this could be a place where others could post there success's and things that did not work so well. and most important why.
Anyway more to come as I researched this. I think I need to set up a bench tester for this.