I've done a lot of research on this over the past few years, so get ready.
Honda has 3 wheels in the distributor (all cam speed). 24 tooth for primary trigger, 1 tooth for cam position, and a 4 tooth for quick startup (about 10 degrees BTDC for cranking)
With the Honda wheels, one can do batch fire by treating the 4 tooth wheel as a 2 tooth crank wheel and then do batch fuel. The 24 tooth can be added in for better resolution using the 4 tooth to identify tdc on each piston.
Here's a picture I found of a 4a-ge distributor being modified for megasquirt. In this case, they have removed a few teeth to emulate a 12-1 crank wheel (24 tooth spinning at half speed with a tooth removed from 2 opposite sides).
In our case, this is unnecessary as you can simply use the 4 tooth as your reference position.
dsc00661_medium_108.jpg
http://www.aeu86.org/forum/Thread-Megasquirt-I-v3-0-and-toyota-distributor-igniter
In the case of the Honda trigger (if I recall correctly), the 4 tooth
does not line up exactly with the 24, and I think it's pretty unlikely that the toyota wheel is the exact same, but it's worth a try. Your best bet is to hook everything up, pull the spark plugs and crank with the sniffer open to capture the cranking pattern and get a custom trigger defined.
PS: Honda engines of that vintage spin counterclockwise,
and so does the distributor. Distributor is on tail side of motor, ans spins clockwise when viewed from the top.
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