um... for a 4 cylinder it should be 90* BTDC..... 60* BTDC should be for a v6.... (ie, 360/4=90*..... 360/6=60)
the sensor doesn't need to be pefectly straight.... however as shown in the picture above rev's will cut out much lower than the value you set in MSS.... if the sensor isn't close enough, then the magnetic polarity of 'on' and 'off' becomes blurred and EDIS gets confused.... i had this problem (with it as shown in the picture below) and it cut at 5500rpm's.... i got the sensor anogher 2-3mm closer and now it cuts at my set 7500 (it's a gze... wanna be nice to it)
DO THE SENSOR FIRST... and then get the motor to TDC, and find where the wheel needs to be located on the pulley in relation to the sensor that is already mounted..... mounting the trigger wheel and then trying to mount the sensor in the correct spot might be a huge pain in the ass
i wasn't using a/c or the p/s units from the ae101 gze, just the alt, so i had something to mount a bracket to (for the VR sensor). for the bracket i just used 2" wide by 1/4" thick aluminum stock and bent it somewhat into a U-shape.... that way i could bolt the VR sensor to it and bolt the bracket to the A/C gze bracket.
and yes, with it THAT close the engine cut at 5500.... i've seen them mounted roughly 1-2mm away from the sensor and clear perfectly!