Here is something along the lines of what I was thinking:
View attachment 234997
The left circuit is for the two IGN+ voltages to the ICM. With the 8.2 V Zener the LED won't turn on unless the IGN+ voltage is over 8.2 volts. The Zener won't allow electrons to tunnel through until that voltage threshold is hit, then it starts to conduct. If leakage through the Zener causes the LED to glow, can add a resistor from the junction of the LED and Zener to ground.
Can use the same circuit for the +10 volts out from the ICM that powers the crank and cam sensors.
The right side circuit is an example for monitoring the cam and crank signals (using 2 separate circuits).
Note that with the LEDs being powered by the IGN+ voltage the LEDs will dim some as the engine is cranked over. And get brighter with a running engine. Can alleviate this by using a +5 volt regulator (LM7805), and powering the LEDs via 5 volts. The 1K current limiting resistor for the LED should be reduced to 220 - 270 ohms in this case.
Note that the whole thing is powered via the +IGN voltage going to the ICM.
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