Chop

email [email protected] and they will give you an RMA form or similar to arrange the mod.  
Yes, 36-1 or similar missing tooth crank wheel will be a good option and give you all you need for wasted spark and multigroup injection.  No need or advantage for a cam sensor in this case.  Going crank trigger, getting rid of the distributor and having 3D mapable ignition will transform an old engine like this.