I've got a new(ish) Dyna S in my K2 with the F2 engine, and it's working fine, even after the bike was dropped hard on it's right side @ 60 MPH, crushing the points cover into the pickups, so I don't know, I reckon they're pretty indestructable.
I have heard of newbies killing electronic ignitions by connecting power wires up to the signal wires, I know at least one newbie who did that on a Martek and killed it. (me.........).
Clyde Ikin in Sydney converted a later DOHC 900 ignition to work on his SOHC CB750 and he was pretty happy with the results, but I had a CB900F and thay were known for ignition failures, so I wouldn't recommend them.
Of course, there have been plenty of OEM electronic ignitions built for 4 cylinder bikes since the dark old days of the first DOHC Honda four's, so I'm sure there's something that could be used, but for my money, I wouldn't dick around with all that stuff, I'd just buy a Dyna 2000 system and drag myself into the 21st century..........