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Oh well. Got it connected and seemingly powered. Just gotta figure out how to run/hide these wires in the back and/or clip the ones I’m not using.
I think you need a 3 wire version, they seem like a Hall Effect type and should have a large signal.Can you give us the ACE part No so we can look it up.I don't know exactly how the unit you bought works but I suspect it has a tiny signal, Speedhut may have an adapter for it.I don't recall if the speed hut indicated MPH before it was calibrated, it has to be told how many pulses represent a mile with a couple of button presses.You might be able to detect a signal with your multimeter, try low level AC Volts for a 2 wire device. A hall Effect (3 wire) type will need to be wired correctly, the transistors are polarity sensitive and it will operate right down to zero RPM.