That makes a lot of sense
noahr31, because the BIM024 processes VR signals from a distributor set up normally, and converts it to an on/off signal for the coil, but if I am not mistaken it has a built in dwell circuit too. As you aren't involving high currents (amps) I doubt the Bosch unit will behave as it was designed to do, and you'll soon now if you make a bench test rig. If you could hook a similar system up to an electric motor, you'd know for certain.
There's some good info
here
Mike
PS BTW, magnets actually boost the AC signal on a VR sensor, and you can test this, because the VR signal becomes more gap or low speed tolerant. I did this with a Renault VR crank sensor, that wouldn't trigger my MicroSquirt v2 at cranking speed. The bigger problem I had was the magnets ran in oil, and at higher engine temperatures it would destroy their magnetism ultimately, so I changed to a Hall sensor set up for reliability in the end. Just a heads up for anybody else though.