The RCexl systems will work but the sensor needs to be on the crankshaft, not on the camshaft, as these are designed for 2 stoke engines. The wasted spark on the other TDC is not a problem as there is no combusible mixture.
They start with full advance, 28°, which drops to 4° at around 400rpm and then starts rising at 1000rpm reaching full advance again at 4000rpm. This should be ok for a Lynx but is not suitable for low speed hit and miss type engines.
1/4-32 versions are available from Just Engines and I assume other suppliers.
**LINK**
Best regards
Roger