Obviously you want an idea what the VR is seeing, so an oscilloscope is a very useful tool.
For ignition control, IMO, it might be an idea to have a bit of vacuum sensing, if only to make the bike smoother when cruising etc less hesitant on part throttle, so you're looking at a MAP sensor. I wouldn't worry about this, first you need to know what the VR is doing, what shape signal you got got, how strong the signal is (peak to peak AC volts on cranking or kicking over), and that's about it. I reckon you could easily add a few teeth to that stator if needed as well, if you wanted to create a missing tooth wheel, but as it's just for ignition, I would look on the least amount of work being optimal.
Mike