Well, any crank wheel is enough to run it all, but how...
What madkaw is getting at is this: The crank travels two complete rotations to complete one engine cycle of "four strokes". Top Dead Center occurs two different times during the complete engine cycle. With a toothed wheel attached to it, the crank can "tell" you when TDC has been reached BUT it can't actually determine if it's on the compression stroke or the exhaust stroke. (no matter how many teeth you have, or lose...) Usually we go to the Cam for that information - it runs at half the crank speed. Since the Cam only makes one rotation for every two crank rotations, a separate sensor on it can tell you when TDC is on the compression stroke - and that's what we're most interested in. Those of us running full sequential ignition with most aftermarket ECU's need input from both the crank and the cam to provide the exact engine position needed. There are other methods I'm sure, but those are most common.
Using just the crank toothed wheel input, I could still run individual coils (COP) in a "wasted spark" mode - and the Haltech ECU is certainly capable of doing that. Wasted spark fires two spark plugs at the same time on opposing cylinders so it doesn't really matter the crank position. It's firing cylinder one at both TDC compression and TDC exhaust - it can't "get it wrong".
(How could it "get it wrong"? The engine doesn't stop at the same place every time. When you shut it off, the ECU can't keep track of it's exact location and "know" it's exact position when you start it back up again - that's why they need position sensors...)
IF Haltech can glean enough information from a toothed wheel (not using a cam sensor input) to run full sequential (not wasted spark), I think there are many that would like to know how they do it.
(BTW, I can't see how the Hoke toothed wheel is 60-2... On the linked site it shows his as a typical 36-1. Not that the number of teeth makes any difference. More teeth normally just means better resolution but more teeth can also be harder to "read" accurately at high RPM - so they strike a balance when they invent these things.)