The crank has a 12 tooth trigger and uses a reluctor sensor to send the info to the ECU. Behind each dizzy attached to the cam belt gear there is a "home" signal used for the sequential/multipoint injection, the dizzy home signals are 180 degrees apart and occur once each engine cycle ie every 2 crank revolutions. It is also a reluctor pickup.
Also u do realise the megasquirt is a fuel only ECU, and the megasquirt II has only 1 ignition output - no good for the twin dizzy setup on the 1UZ, u will need to use a coil pack (like the one on the Corvette) and not use the dizzies.