Are you still looking into a software Saab<>Z22SE signal converter? 
(Just fit external trigger on the Saab. Lot's of OEM engine hace that working flawless for years...)
Yes. Not to fit it, I'm about 95% sure that I will use an external trigger wheel. Main reason being that it's difficult to design something electronic for a car being able to handle all conditions. if you do something like that, you either have experience (not) and very good simulation tools (not) or what you do is make a prototype and just start to use it, accepting that things will go wrong. For me at the moment it's something I just like to try and learn a bit in the mean time.
I made an external trigger wheel a couple of weeks ago just to test it a bit. Things I don't like:
- it has to be centered really well to keep the pulley balanced. Best thing would be to mount the wheel and then balance the pulley+wheel.
- the gap between the wheel and the sensor is small (<1 mm) and the signal of the sensor depends a lot on that gap (= you need a small gap to start the engine)
- you easily get an error of 1-2 degrees in the whole set up. You have to really do this carefully, clocking the wheel accoring the sensor position etc. Not a real problem, but the sensor is exposed and can be knocked out of true. That depends a bit on how it's mounted of course, but still.
On the other hand you have the perfectly positioned and protected 60-2 triggerwheel in the engine, potentially providing much better position information. Seems a shame not to use it.
Signal conditioning of the 60-2 sensor is relatively easy. Using a PIC processor running on something like 10MHz should do the trick of counting the teeth and determining when to send a position/sync signal to the ECU. The 60-2 and the 6+1 wheels are not synchronized at the same angle, but that's not hard to handle. The only hard part is handling the start (low RPM, low VR signal, high accelaration of the trigger wheel which may cause losing sync). Luckily they removed 2 teeth instead of 1. Clever people these Bosch guys.
Issue that's left is the signal that is sent to the ECU. The ECU expects to get a VR signal and will have a circuit to condition it. Conditioning meaning that the processor in the ECU will not be able to handle the VR signal directly. You need some scaling, a threshold and hysterese to turn it into a more well behaved signal. And yes, that same signal is used for ages, but it only works because some people did smart things so that a processor can handle it and noise is filtered out etc. If that same conditioning circuit that is used in the ECU and that I can't change can take a fast going through 0 signal (as in a block signal coming out of the PIC processor), essentially I'm done. All I have to do is program the PIC. Never done that, but it's good to learn things 
If not, you get into a more difficult situation. Either slow done the transition or worst case use a wave table with VR sensor samples. Can all be done, the right PIC can do DAC or PWM and handle wave and sample tables. You can also leave it to another circuit. It just makes things more complex.