I chose not to go that route on the 540. My research indicated that there is lots of vibration back there and it causes more issues for the mags than that seen on the 4 cyl variants. Didn't want to take the risk. I believe flywheel pickup (VR or hall effect) is the way to go. Almost all upside and MUCH easier than building a mag hole pickup device.I wish it was that easy with the 6cyl engines. I’d rather pickup on the case than the crank….
I don't think it is any harder to build one of the for the 6 cyl engines. The shaft is different, but not really any harder to make.