I've had a car (a converted BMW 2002tii) with a sensor mounted to run off the crank - it was a disaster, the bracket holding the sensor on cracked on two occasions (hello hard shoulder from overtaking lane at speed), and then a forged one was fitted which lasted a bit longer, until that one went. That car broke down some 6 times in my ownership, all bar one were caused by the mods being done badly - the one that did was the workshop forgot to re-connect the alternator to the battery after refitting the sensor! The Dutch guy who did my SM started with the same route on his experiment, had similar issues, so decided if you are going to fit a sensor, do it where the manufacturers do - the flywheel.