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The Hyperspark and they dual sync are very similar. The dual sync has both cam and crank sensors while the Hyperspark only has the crank sensor. If you are using a throttle body injection then you only need the crank signal. If you are using port injection and want to fire the injectors at the correct time for each cylinder then you need the cam sensor. Otherwise the system doesn't know which stroke the piston is on.
I would think that you could use the Hyperspark with the Terminator but it isn't something I've done. The Hyperspark is new and the Holley sales team might not be fully trained on it yet.