I read my original post and I should be a little more clear about the current situation. The Ford VSS (sine wave) will drive the Autometer speedometer if it is not connected to the EEC. When it is connected to the computer and the speedometer at the same time, the computer absorbs enough of the signal that the speedometer can't see a pulse until you are running about 60 MPH. Then the speedometer will suddenly jump to mid-range. The computer never skips a beat when wired this way. The signal is always strong enough for the EEC but it isn't strong enough for the speedometer.
Not surprising. It sounds like the input impedance mismatch of the two devices you are feeding is causing one to see good signal and the other to be below its operating threshold.
One solution, which I have made work, is to piggy back two Ford VSS and send separate signals to the computer and speedometer. The speedometer sees pulses at all speeds. The problem with this on a Bronco with a D20 is that the second VSS has to be cut up quite a lot to clear the shift rail caps on the transfer case.
This is why I suggested what is called a "voltage follower" to allow the EEC to operate normally and feed adequate signal to the speedo
http://reviseomatic.org/help/s-op-amp-advanced/Op%20Amp%20Voltage%20Follower.php
This requires a little electronics knowledge, but OP-AMPs are fairly cheap and simple devices.
The Autometer speedometer has the circuitry described above built in. It can take a sine wave input and it creates a secondary square wave output that can be used for aftermarket cruise contracl and "some efi computers", according to the instructions.
I am thinking that the most elegant solution is to run the sine wave signal to the speedometer and then run the square wave to the EEC for the idle control circuit (which my truck has always needed to prevent stalls at stop signs).
All of the research I could do indicated that the pulses per revolution were not too critical for my EEC but I can't find a definitive answer about the +5V signal into the EEC. I'm really trying to understand if the +5V is too much for the computer.
I highly doubt 5V is too much for the computer. IIRC, most VR chips can convert signals in excess of 25-30V. Easiest way to tell would be to set your DMM to AC and measure the VSS signal at high speed. ( A good job for a passenger ;D) I bet you will see much higher than 5V
Again, I would guess the zero-crossing problem would be the biggest hangup. Some chips can bias the input signal so they can read square wave or sine, but I don't know EEC-IV that well.
Feeding the VSS into the speedo and then the square wave into the EEC is a straight forward solution. My issue with that is the EEC is probably much more reliable than the speedo. Like it or not, the OEMs are much more concerned with longevity of their parts than the aftermarket. If your speedo craps out, you will lose signal to the engine as well.
Either way, good luck!