Probably this question was asked before: can this unit work with Dyna S? Thanks.
Great question. Maybe you'd rather I was not the person to answer, but I'll make a run at it anyway (I'm sure I'll be corrected if I'm wrong

).
Dyna-S has it's own pickup (magnetic I'm thinking) which is analogous to the points in Honda Man's hybrid ignition. As a brief review... In a normal ignition setup, the points are the switch that turns off and on the charge to the coil (ironically enough, the spark gets generated when the field is collapsed - and the points opened)... "huh?!" you say - don't worry about it.
In Honda Man's hybrid ignition, the points only act as a switch (with really minor load on the points so they last forever now) to control a "hardier" switch... solid state switch... transistor! So.... his system uses the existing points setup to "control" his "electronic" switch. One may wonder why you wouldn't replace the whole mess with electronics. Really good thought and the Dyna-S does just that with a pick-up mounted about where your points used to be.
Note the statement "where your points used to be". Well, your points get removed for the Dyna-S. In HM's setup, you can switch back to a full "old style" points setup in a matter of seconds (depending on implemenation)... while on the road... with no tools necessary.
Yes, the Dyna-S is nice but there are 2 major drawbacks in my view. One is cost - they're about $125 as opposed to roughly half that for the HondaMan setup. The other drawback is that you are completely reliant on solid state. What does that mean? If if fails, you're walking until you get a replacement... sorta specialized (read: can't get too quick) unit. Honda Man's setup is the flip of a a switch to go back to "old style" points (depending on how it's implemented) and you are running.
Disclosure: I have a Dyna-S on a K6. I might be selling my Dyna-S at some point to "go back" to points and "hybrid EI".
The answer to the quoted question.... Nope, won't work with Dyna-S because the Dyna-S requires that you remove the points which are required by Honda Man's system.
Anyone: If I've got anything wrong, please correct me.